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In the 1930s, Benjamin Graham, the father of security analysis, likened investing in stocks to doing business with a manic-depressive. Little has changed over the decades.

Indeed, stocks have been wackier than usual lately. In October 2007, the stock market began its wo...

China and other emerging nations need more raw materials—ranging from oil to copper to lumber to grains. As these countries’ economies continue to grow at a rapid clip, they’re stepping up their purchases of commodities. Commodity prices, particularly for oil and gold,...

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