In the October issue of Intelligence Report, Dick Young wrote:
Richard Russell is now 91 years old. In a recent Dow Theory Letters, Russell wrote, “I spend most of my time in bed, which gives me plenty of time to think,” an activity that, over the decades, few in the investment industry have done in greater depth than has RR. Russell has been writing Dow Theory Letters since 1958. For decades, Russell, Ben Graham, J. Anthony Boeckh, and Harry D. Schultz have been primary sources of investing wisdom for me. Russell recently wrote about 12-term Congressman Ron Paul, who tells the story of once riding alongside President Ronald Reagan on his helicopter. When the subject of what was happening to our money came up, here’s what Mr. Reagan said: “Ron, no great nation that abandoned the gold standard has remained a great nation.”
