I like this quote from Seth: "Speculators, by contrast, buy and sell securities based on whether they believe those securities will next rise or fall in price. Their judgment regarding future price movements is based not on fundamentals, but on a prediction of the behavior of others." I want to remember this quote to remind myself not to be a speculator when buying securities
This is a great post. Fantastic summary of investing and speculation. Good to get reminded to reinforce my behaviour!
Great post as always!
Thanks, man! What's your favorite quote from the post? Personally, I don't have one. I like all of 'em!
I like this quote from Seth: "Speculators, by contrast, buy and sell securities based on whether they believe those securities will next rise or fall in price. Their judgment regarding future price movements is based not on fundamentals, but on a prediction of the behavior of others." I want to remember this quote to remind myself not to be a speculator when buying securities
Just like Munger used to said: "You damn right!