´´ February 2013

Friday, February 22, 2013

Bank of Japan - They did it again (update)

Older post to be found here:

Bank of Japan - They did it again

In that post I basically was scrutinising what the financial media headlined and wrote about the last BOJ meeting with the facts (or better my interpretation of what the BOJ really said).

Friday, February 1, 2013

Benjamin Graham - Investement vs. Speculation

Old-time investment, with its emphasis on book value and the past record, was shortsighted and naive, but it posessed the supreme virtue of moderation. Present-day "investment". as practiced by investment trust and everyone else, is not much more than an undisciplined wagering upon the future and as such logically indistinguishable from speculation.