Showing posts with label Fred Schwed. Show all posts
Showing posts with label Fred Schwed. Show all posts

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

투기는 적은 돈으로 큰 돈을 만들려는, 아마도 성공하지 못할 노력입니다. 투자는 큰 돈을 손실로 막기 위한 노력이며, 그것은 성공적이어야 합니다.

- 프레드 슈워드 2세