Business & Finance

The Intelligent Investor
By Jason Zweig
Saturday/Sunday, February 23-24, 2013

Are those who can’t remember the crash condemned to repeat it?

Markets have been rising and investors returning to stocks, thanks to cheap money from central banks, a rash of takeover deals, the glimmers of economic recovery – and an epidemic of amnesia.

Many investors have been behaving as if the bloodbath between October 2007 and March 2009, when the U.S. and global stock markets last at least 50% had never happened. More worrisome, investors are…