A Case Study in the Market’s Long Term Resilience
November 05, 2018 at 06:45 AM EST
An article in CNBC recalls the demise of Lehman Brothers in 2008 that “unleashed a new level of panic and pain” in the markets and the highlights how buying shares of the doomed firm would have left investors underwater for a long time afterward—but not forever. From today’s viewpoint, the article...