Many people feel they are investing but they are often just speculating in the market. The Intelligent Investor by Benjamin Graham helps you understand the difference and build wealth wisely.
"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."
"The investor's chief problem - and even his worst enemy - is likely to be himself."
"The stock market is a voting machine in the short term but a weighing machine in the long term."
"Never mingle your speculative and investment operations.
"Always insist on a margin of safety. This simple rule can prevent needless investment losses and build wealth over time."
"It requires a great deal of boldness and a great deal of caution to make a great fortune."
"The essence of investment management is the management of risks, not the management of returns."
"The intelligent investor is a realist who sells to optimists and buys from pessimists."