What Is Mr. Market?
Used as an allegory, Mr. Market is an imaginary investor devised by Benjamin Graham and introduced in his 1949 book, The Intelligent Investor. In the book, Mr. Market is a hypothetical investor who is driven by panic, euphoria, and apathy (on any given day), and approaches his investing as a reaction to his mood, rather than through fundamental (or technical) analysis.
Modern interpretations would describe Mr. Market as manic depressive, randomly swinging from bouts of optimism to moods of pessimism.
Mr. Market is the classic stereotype of the typical investor, one who is given to trading based on emotions, such as fear and greed, rather than investing for the long term using research to discover fundamentals.
More than anything, Mr. Market is a lesson in what not to do when trading and investing. Mr. Market is prone to fits and starts based on emotions and is usually the one who sells at the lows and buys at the highs. Mr. Market is a friend to the financial media when they are seeking an explanation for current market moves and there is no other obvious cause.
Mr. Market is willing to constantly buy or sell a stock based on whether it has recently gone up or down. Yet these actions are based on the emotion of recent events, and not on sound investing principles.
Graham, and the disciples who follow him, believe that investors are better off assessing the value of stocks through fundamental analysis, and then deciding whether the prospects of a company warrant a purchase or sale of the security.
Because Mr. Market is so emotional, that trait will offer up opportunities for diligent investors to enter and exit at favorable times. When Mr. Market gets too pessimistic, valuations on good stocks will be favorable, allowing investors to purchase them at a reasonable price relative to their future potential. When Mr. Market is overly optimistic, this may provide a good time to sell the stock at a valuation that is unjustified.
Source:
https://www.investopedia.com/terms/m/mr-market.asp
This week in History:
1910 1st commercially successful electric bus line opens (Hollywood)
1954 1st Miss America TV broadcast; 19 year old Lee Meriwether of California crowned 27th Miss America
1981 The Smurfs TV Debut
Quote(s) of the day:
“People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy” – Tony Robbins
“Our greatest glory is not in never falling, but in rising every time we fall” – Confucius
Food for Thought:
The ABCs of Vitamins: 13 Essential Vitamins and Why You Need Them
Vitamins and minerals are essential substances that our bodies need to develop and function normally. There are 13 essential vitamins and each one plays a unique and vital role in keeping your body healthy. Vitamins aid in the growth, development, and function of all the cells. Your body cannot produce enough vitamins on its own, so we need to get them from outside sources. While many people take a daily multivitamin, most can get all 13 essential vitamins from foods and enriched foods. Multivitamins cannot take the place of eating a variety of foods that are important to a healthy diet.
Below are details of each of the essential vitamins:
13. Folate
Folate, also called B9, or folic acid when referring to synthetic folate, plays an important role in cell division and the creation of DNA and other genetic materials.
How much do you need?
Adults typically need 400 mcg per day.
What should you eat?
Folate is naturally found in asparagus, brussels sprouts, dark green leafy vegetables like spinach and fruits and fruit juices. Enriched bread, flour, pasta, rice and cereal also contain folic acid.
Source:
https://thinkhealth.priorityhealth.com/the-abcs-of-vitamins-13-essential-vitamins-and-why-you-need-them/
Rotary Magazine September 2023:
Impact Report for the year 2022-23:
The September issue of DG Newsletter 2023-24:
Stay Safe and Stay Healthy. Have a Great Week Ahead!
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