Is Mr. Market Patiently Setting Up His Next Heist? The term “Mr. Market” is credited to legendary value investor Benjamin Graham. According to Investopedia (https://www.investopedia.com/terms/m/mr-market.asp), Graham first introduced Mr. Market in his 1949 book, The Intelligent Investor. Mr. Market is a hypothetical investor whose decisions are driven by alternating bouts of panic and […]
Quick: If you take out a $1000 loan that has a 20% rate, how much will you owe a year in interest? Answer: $200. But if you got that wrong, you’re not alone. Nearly two thirds of Americans can’t calculate interest payments correctly, according to a new study. About a third said they didn’t even […]