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Writer's pictureSteve Martin

The Two Keys to Investing: Pickiness and Persistence – NYTimes.com

Based on the e-mails I’m getting, I guess that the stock market is getting scary (again). Will someone please remind me why we’re surprised when the market has periods — sometimes long periods — of turbulence and even decline?

We have a word for this: risk. Sometimes, we swap it out with the word volatility. You hear people complain that the market sure seems volatile lately, or they use the market’s ups and downs as a reason (or excuse) for putting all of their money in cash until things “clear up.”

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