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            It is the birthday of Samuel Clemens, better known as Mark Twain. No need for a mere geek blogger to give an elaborate description of what a wonderful writer he was, but permit me to touch upon his contributions to stock markets.
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                <p style="text-align: left;">OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.
                    - Pudd'nhead Wilson's Calendar</p>
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            It is because of this quotation that the October curse is sometimes known as the Mark Twain Effect. <a href="cse-is-heading-in-the-right-direction-at-last.html">The Colombo Stock Exchange declined in October</a> this year and nor did it have a good one last year. On the other hand April, May, June, July, August, September and November weren't very good months either.
            <blockquote>There are two times in a man's life when he should not speculate: when he can't afford it and when he can.
                - Following the Equator, Pudd'nhead Wilson's New Calendar</blockquote>
            Mark Twain actually filed for Bankruptcy, so let's consider it as proof that one should not speculate even though one can afford it; Mark Twain certainly could. Eventually he made enough money to repay all his borrowings.

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Mark Twain on Markets

2011 Nov 30 at 12:05 » Tagged as :october curse, mark twain effect,