The Intelligent investor by Benjamin Graham | Episode 1 |
The Audiobooks Podcast
Speculative Investing
In many common stock situations there are substantial possibilities of both profit and loss. In our conservative view every non-professional who operates on margin should recognize that he is ipso facto speculating. And everyone who buys a so-called hot common stock issue, or makes a purchase in any way similar there to,. is either speculating or gambling. Results to be expected by the defensive investor.
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