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Opinion Editors Choice

Investors can learn from farmers’ simple approach to buying and selling

John Train wrote several books on investing, as well as columns for The Wall Street Journal, The New York Times and other publications. In the October 2 1978 issue of Forbes Magazine, he recounted a story sent in by a reader about a Mr Womack, a farmer who had never lost money in the stock market “following a technique which was the ultimate in simplicity” yet had resulted in some stocks making “long-term capital gains of 100%, 200% and even 500%”...

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