Investment lessons from 1928

It’s time to follow ‘good time’ Charlie Merrill’s advice – stop overpaying for trash and put your financial house in order, says Tim Price.

We have been here before. And it did not end well. Precisely 86 years ago, in March 1928, ‘good time’ Charlie Merrill, the head of Merrill Lynch & Co., warned his clients to get out of the stock market.

“Take advantage of present high prices and put your own financial house in order.” Few of his clients took his advice, and for a while Merrill looked like a fool. History, of course, has been [...]

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