I Loath to Sell Low, and I Loathe Buying High
While the themes of this blog are often tangential and desultory, there is one thing that I get right: the difference between "loath" and "loathe," and Justin Fox does as well, making excellent use of the verb "loath" in his book The Myth of the Rational Market: a history of risk, reward, and delusion on Wall Street; he is describing Charles Dow's famous and absurdly obvious stock strategy -- buy during upward movement (bull markets) and sell during downward ones (bear markets)-- but Fox explains that "Dow himself was loath to declare when that direction had changed" . . . "aye, there's the rub."