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Old 01-15-2005, 12:16 AM
RunDownHouse RunDownHouse is offline
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Join Date: Aug 2004
Posts: 165
Default Re: Books on \"Day Trading\"

Notice you haven't heard much about day trading since the tech bubble burst.

Keynes: "Investing is the activity of forecasting the future yields of an asset. Speculation is the activity of forecasting the psychology of the market."

Graham: "An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative."

Buffet: "Consciously paying more for a stock than its calculated value... should be labeled speculation (which is neither illegal, immoral, nor - in our view - financially fattening)."
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