31 replies to this topic

[dougie]

thanks jg

[stocks]

Speculation is far too exciting

Remember, buy into bull markets as early as possible and hold. This is the only way to make the big money, don’t ever forget that.

Jesse Livermore from Reminiscences of a Stock Operator:

"Speculation is far too exciting. Most people who speculate hound the brokerage offices... the ticker is always on their minds. They are so engrossed with the minor ups and downs, they miss the big movements."

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."

"There are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. Only the foolhardy will try it. It just is not in the cards and cannot be done."


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