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Two definitions of investing by notable people: 1. From The Intelligent Investor by Benjamin Graham: "An investment operation is one which, upon thorough analy
by stevenj 13y ago
Two definitions of investing by notable people:
1. From The Intelligent Investor by Benjamin Graham: "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."
http://www.amazon.com/Intelligent-Investor-Definitive-Investing-Practical/dp/0060555661 http://www.amazon.com/Intelligent-Investor-Definitive-Invest...
2. From Mr. Buffett on the Stock Market: "The definition is simple but often forgotten: investing is laying out money now to get more money back in the future -- more money in real terms, after taking inflation into account."
http://money.cnn.com/magazines/fortune/fortune_archive/1999/11/22/269071 http://money.cnn.com/magazines/fortune/fortune_archive/1999/...