Warren E. Buffett is the second-richest person in the United States (after Microsoft’s Bill Gates), so when he purchased an Israeli-based stock not long ago, investors throughout the world sat up and took notice. What made it more newsworthy is that it was Buffett’s first major foray into overseas investing. Up to that point, he said he could always find good stocks here at home.
The Tel Aviv Stock Market experienced its largest one-day loss in nearly three years in reaction to the downgrade of the U.S. credit rating.
Rabbi Benjamin Blech, author of "Taking Stock: A Spiritual Guide to Rising Above Life's Financial Ups and Downs" (AMACOM, 2003), wonders mostly how he ever got so frenzied about money -- both its gain, and its loss. Of course, he is not alone. Perhaps you didn't sink your nest egg into dot-com stocks, but chances are very good that money -- or lack of it -- sometimes throws you off kilter.