Pyschology Today: Love + Money
...ormous numbers of people in debt, including most people going into marriage. Debt has also proven to lead to divorce as it is such a heavy burden on many new couples. Although relationships are mostly about love, a psychology professor explains that “Money is the intersecting point where couples make most of their decisions”. Therefore, because money is the intersecting point of most decisions that is what this is all about, money, money and more money. Graham who had an investment firm with Jerome Newman had lost almost everything in the Crash of 29. However after Newman sold a lot of his personal assets the firm got back on their feet and did not lose money for their investors again. They yielded a 17% annual return for the investors until Graham retired in 1956. Graham explains about how some of his companies and their stocks worked throughout his career. The price of the stock changes with the business of the company and the market in general. However there are many factors that affect this. There are two chief morals: “The first is that the stock market often goes far wrong. The second is that most businesses change in character and quality over the years.” (206). When the stock market “goes far wrong” graham explained how the alert and courageous investor could take advantage of its errors. Graham refers to human nature when people are buying as there is a bull market and says “It is easy for us to tell you not to speculate; the hard thing will be for you to follow this advice” (94). He also said that when businesses change it can be for the better, but most of the time it ends up being worse. Graham explains that there is a built-in contradiction in the stock market quotes. The better a company’s record and prospects, the less r...