Blowing Bubbles

From time to time, I've had some small share stuff going on.  Nothing that's going to buy me as much as a spare tube for my bike, which I seem to need on almost an every-two-days basis at the moment (thanks everyone breaking glass in and around Dublin!) - but as a result of having shares here and there, I preferred to have them through a company that knows what they are doing.

Anyway, said company (Edward D Jones fact fans) occasionally send out letters explaining the state of the world, the markets, etc.  They don't offer to make you rich, which is one of the attractions (most people offering to make you rich actually intend to take your money and make them rich).  But I digress.  I've been trying to dig out one of the letters from Edward D Jones for ages, and I finally found it.

For context... the dot-com bubble in all stock prices Internet-related was exploding from about 1995 until 2000.  The massive collapse of this bubble in prices occurred in spring of 2000, with the NASDAQ peaking on Friday March 10th.  In the following three business days - Monday 13th - Wednesday 15th March, 9% of this peak value was erased.

In April 1999, one year before the cataclysm, I received one of the occasional missives from EDJ.  It still stands today as a spectacular example of someone keeping their heads when everyone else was losing theirs.

Future lessons from the past...