Investment, Fred Schwed Jr.


Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little.

Fred Schwed Jr., Where Are the Customers' Yachts?: Or a Good Hard Look at Wall Street

Comments

Popular posts from this blog

Foreign Exchange Tool

Fortress Unveils Asia Macro HF

Bloomberg: European Stress Tests to Examine Banks’ Readiness for Basel III