Back in Business is a new, occasional column that puts the present day in perspective by looking at business history and those who shaped it. Read the first installment here. Mr. Zweig’s Intelligent Investor column will return next week. A hot stock doubles and then doubles again in a matter of weeks. Thousands of people who have never invested in their lives suddenly try to beat the market.

Source: Wall Street Journal July 17, 2020 14:03 UTC