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 22, 2013
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.