If there’s anyone who knows about weathering the market’s ups and downs, it’s Charles Schwab.
The 82-year-old brokerage billionaire has seen—and survived—many market crashes. Not to mention investing fads. The silliest? A bowling craze in the early ’60s when everybody seemed to think the entire population of America would be pounding the lanes for hours every week. Stocks related to alleys, shoes, balls, and chalk soared. But as with all manias, this one ended up in the gutter. (To this day, Schwab keeps a bowling ball in his office engraved with the quandary “Can the magic last?” as a reminder.) Read more by clicking here: FORTUNE