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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-investors-walk-into-a-bar-the-investors-get-hammered/ | PHOTO: REUTERS When Researchers and Investors Walk Into a Bar, the Investors Get Ha... https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-inve... 1 of 4 11/7/2017, 10:59 AM

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Page 1: When Researchers and Investors Walk Into a Bar, the Investors …theinvestmentcapm.com/wsj_zweig.pdf · 2017-11-07 · MORE IN THE INTELLIGENT INVESTOR Lessons for 2017 from a Man

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visithttp://www.djreprints.com.

https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-investors-walk-into-a-bar-the-investors-get-hammered/

|

PHOTO: REUTERS

When Researchers and Investors Walk Into a Bar, the Investors Get Ha... https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-inve...

1 of 4 11/7/2017, 10:59 AM

Page 2: When Researchers and Investors Walk Into a Bar, the Investors …theinvestmentcapm.com/wsj_zweig.pdf · 2017-11-07 · MORE IN THE INTELLIGENT INVESTOR Lessons for 2017 from a Man

When Researchers and Investors Walk Into a Bar, the Investors Get Ha... https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-inve...

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Page 3: When Researchers and Investors Walk Into a Bar, the Investors …theinvestmentcapm.com/wsj_zweig.pdf · 2017-11-07 · MORE IN THE INTELLIGENT INVESTOR Lessons for 2017 from a Man

MORE IN THE INTELLIGENT INVESTOR

Lessons for 2017 from a Man Who 'Called' the Crash of 1929

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The Special Trick To Find the Right Financial Adviser

When Researchers and Investors Walk Into a Bar, the Investors Get Ha... https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-inve...

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Page 4: When Researchers and Investors Walk Into a Bar, the Investors …theinvestmentcapm.com/wsj_zweig.pdf · 2017-11-07 · MORE IN THE INTELLIGENT INVESTOR Lessons for 2017 from a Man

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Copyright ©2017 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visithttp://www.djreprints.com.

When Researchers and Investors Walk Into a Bar, the Investors Get Ha... https://blogs.wsj.com/moneybeat/2017/05/12/when-researchers-and-inve...

4 of 4 11/7/2017, 10:59 AM