Young Research & Publishing Inc.

Investment Research Since 1978

Ski the Light

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Have you ever skied at night? The guys over at Sweetgrass productions have. They did it to promote Phillips Ambilight TV. As you will see, the snowflakes glow in the dark.

Isn’t it amazing how every snowflake is different? You may have had this conversation before with a friend or loved one sitting on a chairlift folded into yourself for warmth. It hits home when you’re staring at each unique crystal land on your gloves and melt. Then you look up and all you see is the same color of white blowing across the mountain.

The art that is each tiny little snowflake is hard to comprehend. As I’ve written to you before, investing is more art than science. It’s the art that’s the hard part. Like snowflakes no two investors are the same. But what binds us together is the desire to have peace of mind.

I’m reminded almost daily about the importance of peace of mind when I read Richard Russell’s blog or his Dow Theory Letters. He’s 90 years old and writes with the same enthusiasm and interest he did 50 years ago.

Guess what Russell is writing about lately? Peace of mind. After all these years of studying charts and graphs he’s writing about peace of mind.

Peace of mind is pretty simple to understand. But having it when you need it most isn’t easy to do. Think about what Russell has learned through all these years. Hopefully it won’t take you as long to see the light.

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.