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“People who invest make money for themselves; people who speculate make money for their brokers.”
― The Intelligent Investor
― The Intelligent Investor
“But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
― The Intelligent Investor
― The Intelligent Investor
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
― The Intelligent Investor
― The Intelligent Investor
“Outright speculation is neither illegal, immoral, nor (for most people) fattening to the pocketbook. More than that, some speculation is necessary and unavoidable, for in many common-stock situations there are substantial possibilities of both profit and loss, and the risks therein must be assumed by someone.* There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.”
― The Intelligent Investor
― The Intelligent Investor
“And back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he “could calculate the motions of the heavenly bodies, but not the madness of the people.” Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price—and lost £20,000 (or more than $3 million in today’s money). For the rest of his life, he forbade anyone to speak the words “South Sea” in his presence. 4”
― The Intelligent Investor
― The Intelligent Investor
The History Book Club
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"Interested in history - then you have found the right group". The History Book Club is the largest history and nonfiction group on Goodread ...more
Great African Reads
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Here is an overview of the group reads & activities: Regional reads Nominations and Book discussions. Buddy Reads Find someone to read along with!. Sh ...more
Samia’s 2025 Year in Books
Take a look at Samia’s Year in Books, including some fun facts about their reading.
2,997 books
|
4,989 friends
3,185 books
|
4,978 friends
1,300 books
|
51 friends
56 books
|
115 friends
817 books
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192 friends
126 books
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158 friends
64 books
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216 friends
768 books
|
92 friends
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