As you’ve gathered, our chief aim herein is to help our readers/clients keep the day-to-day world of markets in proper perspective, and to keep their eyes on the long-term ball.
Dixon G. Watts — the president of the New York Cotton Exchange from 1878 to 1880 — was the cotton trader of his time and a man of great wisdom. While much has changed over the past 137 years, human nature has not.
From his classic Speculation as a Fine Art and Thoughts on Life:
The distant is the great, the near the little. But the little-near controls man rather than the distant-great.