My Son, the Mean-Reversionist.

Today I when I saw the news of the Greek “no” vote, I made a loud groan. My twelve year old son, who often talks to me about the market, asked me what was wrong.

I explained the Greek situation, and how much chaos it was creating. He said “so dad, you better get ready to buy some stocks tomorrow!” At first I thought he misunderstood, so I pointed out that the market would likely go down as a result of the vote.

He replied “well yeah, but that’s when you buy, because it’ll go up again!”

My son, the mean-reversionist.

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