Quotes Entirely Relevant to Investing

by Mr Juggles

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.

-Benjamin Graham

Past Quotes Entirely Relevant to Investing

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POSTED: 12/10/06 11:38 AM
Comment (3)


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Comments

  1. Kaiser Edamame
    December 12th, 2006 | 3:22 am

    I’ve heard rumors that there is fantasy due diligence? is there a draft? this intrigues me.

  2. Mr Juggles
    December 12th, 2006 | 8:40 am

    It definitely intrigues him. So much so that he is likely to forget to show up on time for the draft and end up with Andersen or some other defunct firm as the computer autodrafts his team.

    Count me as intrigued too.

  3. Drinky McDiligence
    December 14th, 2006 | 2:49 pm

    Speaking of Mr. Graham and fantasy due diligence….
    http://www.brandes.com/Institute/BIManagerChallenge/ManagerChallengeScores.htm
    Those guys at Honda are poets and they don’t even know its. They must really love deep value investing.