I worry about the 2% of the population who will fall into the addictive side of the business . . . They are trading for fun and excitement, almost in a gambling sense, and are not really thinking about what thay are doing. It's more like going to Las Vegas and getting a bucket full of nickels and pulling on the slot machines.
Charles Schwab in "The Proper Mind-Set" from The Los Angeles Times (2/3/98) The legendary investor Bernard Baruch had 10 rules for successful investing, and he said that if he had to choose just one it was to never pay attention to what the president of a company says. The theme song of most annual reports is "The future's so bright I've got to wear shades!"
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