Anecdote: Andre Kostolany on the wanderer and his dog
Andre Kostolany, an international speculator, Hungarian born, who has lived in many countries throughout his life, explains the relationship between the economy and the stock market via an anecdote. This is a translation from German...
Imagine a man walking, one step at a time, on a country lane for a mile or so. He is accompanied by his dog, who follows the man like a dog follows his master: one step forward, one step backward. While the man is walking slowly, his dog is jumping around back and forth. There will be times when the man is ahead; he will wait for the dog and then there will be times when the dog is ahead and the dog will wait. In this example, the man represents the economy, and the dog the stock market.
The original (in German):
https://www.youtube.com/watch?v=GomcMKBIjMA
