“The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.” LyingInterestSecurityPrimariesInvestorsSuitableMarket Timing Book:The Intelligent Investor: A Book of Practical Counsel Source: The Intelligent Investor: A Book of Practical Counsel
“I believe that space travel will one day become as common as airline travel is today. I'm convinced, however, that the true future of space travel does not lie with government agencies -- NASA is still obsessed with the idea that the primary purpose of the space program is science -- but real progress will come from private companies competing to provide the ultimate adventure ride, and NASA will receive the trickle-down benefits.” BelieveDoeStillsIdeasRealGovernmentTodayLyingPurposeI BelieveSpaceCommonCompanyProgressAdventureOne DayBenefitsProgramUltimateConvincedPrimariesObsessedAgencyCompetingAirlineNasaSpace TravelSpace ProgramTrickle DownGovernment Agencies Book:Magnificent Desolation: The Long Journey Home from the Moon Source: Magnificent Desolation: The Long Journey Home from the Moon
“The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.” ShouldImportantWould BeLyingFoundInterestLevelsAttitudeWiseSecurityMovementLowsSellsPracticalsPrimariesBuyingDistinctionRealisticInvestorsBeing WiseSuitableRefrainFluctuationHigh PricesSpeculators Author:Benjamin Graham