---
title: "82 Speculators Quotes by 51 authors"
description: "Browse 82 Speculators quotes by 51 authors. Discover the best Speculators sayings and thoughts."
image: "https://sms4smile.com/quotes/i/531/louis-bachelier-74249_expectations_the-mathematical-expectation-of-the-spec_2333436.png"
---

> [The mathematical expectation of the speculator is zero.](https://sms4smile.com/quotes/louis-bachelier/the-mathematical-expectation-of-the-speculator-is-zero/)

[Louis Bachelier](https://sms4smile.com/quotes/author/louis-bachelier/)

[Image](https://sms4smile.com/quotes/i/531/louis-bachelier-74249_expectations_the-mathematical-expectation-of-the-spec_2333436.png)

> [Men who can both be right and sit tight are uncommon.](https://sms4smile.com/quotes/jesse-lauriston-livermore/men-who-can-both-be-right-and-sit-tight-are-uncommon/)

[Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/)

[Image](https://sms4smile.com/quotes/i/061/jesse-lauriston-livermore-8857_bull-markets_men-who-can-both-be-right-and-sit-tight_878191.png)

> [Speculator: One who bought stocks that went down.](https://sms4smile.com/quotes/malcolm-forbes/speculator-one-who-bought-stocks-that-went-down/)

[Malcolm Forbes](https://sms4smile.com/quotes/author/malcolm-forbes/)

[Image](https://sms4smile.com/quotes/i/2c7/malcolm-forbes-1510_business_speculator-one-who-bought-stocks-that-we_1583899.jpg)

> [End perverse incentives that reward Wall Street speculators.](https://sms4smile.com/quotes/ralph-nader/end-perverse-incentives-that-reward-wall-street-speculators/)

[Ralph Nader](https://sms4smile.com/quotes/author/ralph-nader/)

[Image](https://sms4smile.com/quotes/i/938/ralph-nader-1783_ends_end-perverse-incentives-that-reward-wall_642499.png)

> [Clergyman: A ticket speculator outside the gates of Heaven.](https://sms4smile.com/quotes/h-l-mencken/clergyman-a-ticket-speculator-outside-the-gates-of-heaven/)

[H. L. Mencken](https://sms4smile.com/quotes/author/h-l-mencken/)

[Image](https://sms4smile.com/quotes/i/333/h-l-mencken-245_agnostic_clergyman-a-ticket-speculator-outside-th_686557.png)

> [Squeeze property speculators until the pips squeak.](https://sms4smile.com/quotes/denis-healey/squeeze-property-speculators-until-the-pips-squeak/)

[Denis Healey](https://sms4smile.com/quotes/author/denis-healey/)

[Image](https://sms4smile.com/quotes/i/d01/denis-healey-24119_customer_squeeze-property-speculators-until-the-p_1129166.png)

> [As a speculator you must embrace disorder and chaos.](https://sms4smile.com/quotes/louis-bacon/as-a-speculator-you-must-embrace-disorder-and-chaos/)

[Louis Bacon](https://sms4smile.com/quotes/author/louis-bacon/)

[Image](https://sms4smile.com/quotes/i/ffb/louis-bacon-38502_chaos_as-a-speculator-you-must-embrace-disorde_2372991.png)

> [The speculator is not an investor.](https://sms4smile.com/quotes/edwin-lefevre/the-speculator-is-not-an-investor/)

[Edwin Lefevre](https://sms4smile.com/quotes/author/edwin-lefevre/)

[Image](https://sms4smile.com/quotes/i/767/edwin-lefevre-18294_investing_the-speculator-is-not-an-investor-215288_2152882.jpg)

> [Economists don't usually make good speculators, because they think too much.](https://sms4smile.com/quotes/paul-krugman/economists-don-t-usually-make-good-speculators-because-they-think-too/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/95e/paul-krugman-2255_economics_economists-don-t-usually-make-good-specu_2264810.png)

> [Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have…](https://sms4smile.com/quotes/jesse-lauriston-livermore/speculation-is-a-hard-and-trying-business-and-a-speculator-must-be-on/)

[Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/)

[Image](https://sms4smile.com/quotes/i/5a5/jesse-lauriston-livermore-8857_business_speculation-is-a-hard-and-trying-busines_684345.png)

> [The three traits speculators must learn to manage within themselves are confidence, fear, and aggressiveness.](https://sms4smile.com/quotes/larry-williams/the-three-traits-speculators-must-learn-to-manage-within-themselves/)

[Larry Williams](https://sms4smile.com/quotes/author/larry-williams/)

[Image](https://sms4smile.com/quotes/i/dd5/larry-williams-99260_aggressiveness_the-three-traits-speculators-must-learn_3105270.jpg)

> [Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.](https://sms4smile.com/quotes/anonymous/blaming-speculators-as-a-response-to-financial-crisis-goes-back-at/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

[Image](https://sms4smile.com/quotes/i/63d/anonymous-1_crisis_blaming-speculators-as-a-response-to-fin_434523.jpg)

> [... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of…](https://sms4smile.com/quotes/john-maynard-keynes/a-speculator-is-one-who-runs-risks-of-which-he-is-aware-and-an/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/21d/john-maynard-keynes-1380_customer_a-speculator-is-one-who-runs-risks-of-wh_2295937.png)

> [It never was my thinking that made the big money for me. It always was my sitting.](https://sms4smile.com/quotes/jesse-lauriston-livermore/it-never-was-my-thinking-that-made-the-big-money-for-me-it-always-was/)

[Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/)

[Image](https://sms4smile.com/quotes/i/2fa/jesse-lauriston-livermore-8857_bigs_it-never-was-my-thinking-that-made-the-b_2822258.png)

> [The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-market-does-not-beat-them-they-beat-themselves-because-though/)

[Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/)

[Image](https://sms4smile.com/quotes/i/763/jesse-lauriston-livermore-8857_beats_the-market-does-not-beat-them-they-beat_463264.png)

> [Despite the deep reforms we are making, traders and speculators have forced interest rates on Greek bonds to record highs.](https://sms4smile.com/quotes/george-papandreou/despite-the-deep-reforms-we-are-making-traders-and-speculators-have/)

[George Papandreou](https://sms4smile.com/quotes/author/george-papandreou/)

[Image](https://sms4smile.com/quotes/i/99f/george-papandreou-9739_despite_despite-the-deep-reforms-we-are-making-t_131145.jpg)

> [There are more speculators about New Westminster and Victoria than there were in Winnipeg during the boom and they are a much…](https://sms4smile.com/quotes/william-cornelius-van-horne/there-are-more-speculators-about-new-westminster-and-victoria-than/)

[William Cornelius Van Horne](https://sms4smile.com/quotes/author/william-cornelius-van-horne/)

[Image](https://sms4smile.com/quotes/i/8f5/william-cornelius-van-horne-74_inspirational_there-are-more-speculators-about-new-wes_2047564.jpg)

> [If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on…](https://sms4smile.com/quotes/warren-buffett/if-you-re-an-investor-you-re-looking-on-what-the-asset-is-going-to-do/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

[Image](https://sms4smile.com/quotes/i/172/warren-buffett-183_assets_if-you-re-an-investor-you-re-looking-on_875287.jpg)

> [When you look at a commodities market you need hedgers and speculators. If you don't have one, you don't have a market.…](https://sms4smile.com/quotes/t-boone-pickens/when-you-look-at-a-commodities-market-you-need-hedgers-and/)

[T. Boone Pickens](https://sms4smile.com/quotes/author/t-boone-pickens/)

[Image](https://sms4smile.com/quotes/i/c7c/t-boone-pickens-9502_commodity_when-you-look-at-a-commodities-market-yo_263603.png)

> [However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably…](https://sms4smile.com/quotes/john-kenneth-galbraith/however-it-is-safe-to-say-that-at-the-peak-in-1929-the-number-of/)

[John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/)

[Image](https://sms4smile.com/quotes/i/edc/john-kenneth-galbraith-643_active_however-it-is-safe-to-say-that-at-the-pe_1342974.png)

> [Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a…](https://sms4smile.com/quotes/benjamin-graham/speculators-often-prosper-through-ignorance-it-is-a-clich-that-in-a/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/30b/benjamin-graham-1531_bull-market_speculators-often-prosper-through-ignora_1920384.jpg)

> [If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders…](https://sms4smile.com/quotes/michael-hudson/if-a-lot-of-money-goes-into-the-stock-market-it-ll-push-up-prices/)

[Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/)

[Image](https://sms4smile.com/quotes/i/30e/michael-hudson-2134_customer_if-a-lot-of-money-goes-into-the-stock-ma_2951374.png)

> [Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In…](https://sms4smile.com/quotes/james-surowiecki/speculators-get-a-bad-rap-in-the-popular-imagination-they-re-greedy/)

[James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/)

[Image](https://sms4smile.com/quotes/i/d84/james-surowiecki-2196_adept_speculators-get-a-bad-rap-in-the-popular_2209280.png)

> [The day that witnesses the conversion of our ministers into political and philosophical speculators or scientific lecturers, will witness the final decay…](https://sms4smile.com/quotes/peter-bayne/the-day-that-witnesses-the-conversion-of-our-ministers-into-political/)

[Peter Bayne](https://sms4smile.com/quotes/author/peter-bayne/)

[Image](https://sms4smile.com/quotes/i/51f/peter-bayne-64348_communication_the-day-that-witnesses-the-conversion-of_3128520.jpg)

> [The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925…](https://sms4smile.com/quotes/benjamin-graham/the-reader-can-test-his-own-psychology-by-asking-himself-whether-he/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/c62/benjamin-graham-1531_able_the-reader-can-test-his-own-psychology-b_802497.jpg)

> [Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with…](https://sms4smile.com/quotes/seth-klarman/frequent-comparative-ranking-can-only-reinforce-a-short-term/)

[Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/)

[Image](https://sms4smile.com/quotes/i/805/seth-klarman-1979_attractiveness_frequent-comparative-ranking-can-only-re_3193903.jpg)

> [on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the…](https://sms4smile.com/quotes/marya-mannes/on-broadway-money-rules-like-a-host-of-vultures-the-ticket-brokers/)

[Marya Mannes](https://sms4smile.com/quotes/author/marya-mannes/)

[Image](https://sms4smile.com/quotes/i/2a6/marya-mannes-6222_agents_on-broadway-money-rules-like-a-host-of-v_2399367.jpg)

> [In whatever system where the weight attached to the wheel should be the cause of motion of the wheel, without any doubt…](https://sms4smile.com/quotes/leonardo-da-vinci/in-whatever-system-where-the-weight-attached-to-the-wheel-should-be/)

[Leonardo da Vinci](https://sms4smile.com/quotes/author/leonardo-da-vinci/)

[Image](https://sms4smile.com/quotes/i/25d/leonardo-da-vinci-330_causes_in-whatever-system-where-the-weight-atta_718554.jpg)

> [We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via…](https://sms4smile.com/quotes/benjamin-graham/we-are-convinced-that-the-intelligent-investor-can-derive/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/8b2/benjamin-graham-1531_analysis_we-are-convinced-that-the-intelligent-in_1348998.jpg)

> [The very willow-rows lopped every three years for fuel or powder, - and every sizable pine and oak, or other forest tree,…](https://sms4smile.com/quotes/henry-david-thoreau/the-very-willow-rows-lopped-every-three-years-for-fuel-or-powder-and/)

[Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/)

[Image](https://sms4smile.com/quotes/i/fd2/henry-david-thoreau-20_clouds_the-very-willow-rows-lopped-every-three_1202709.jpg)

> [“Such rapid changes in price are almost always fueled by mass speculation and not fundamental growth. Behavior changes slowly, and many of…](https://sms4smile.com/quotes/chris-burniske/such-rapid-changes-in-price-are-almost-always-fueled-by-mass/)

[Chris Burniske](https://sms4smile.com/quotes/author/chris-burniske/)

[Image](https://sms4smile.com/quotes/i/8e9/chris-burniske-227716_behavior-change_such-rapid-changes-in-price-are-almost-a_1527606.jpg)

> [Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it…](https://sms4smile.com/quotes/john-c-bogle/ask-yourself-am-i-an-investor-or-am-i-a-speculator-an-investor-is-a/)

[John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/)

[Image](https://sms4smile.com/quotes/i/16a/john-c-bogle-2199_ask-yourself_ask-yourself-am-i-an-investor-or-am-i-a_391970.jpg)

> [The reality is that the founding fathers were land speculators. The fact was that you couldn't vote in this country if you…](https://sms4smile.com/quotes/winona-laduke/the-reality-is-that-the-founding-fathers-were-land-speculators-the/)

[Winona LaDuke](https://sms4smile.com/quotes/author/winona-laduke/)

[Image](https://sms4smile.com/quotes/i/287/winona-laduke-9240_color_the-reality-is-that-the-founding-fathers_689032.png)

> [“The necessity arising from a want of specie is represented as greater than it really is. I contend that it is by…](https://sms4smile.com/quotes/g-edward-griffin-2/the-necessity-arising-from-a-want-of-specie-is-represented-as-greater/)

[G Edward Griffin](https://sms4smile.com/quotes/author/g-edward-griffin-2/)

[Image](https://sms4smile.com/quotes/i/260/g-edward-griffin-2-99169_money_the-necessity-arising-from-a-want-of-spe_618221.jpg)

> [The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest…](https://sms4smile.com/quotes/benjamin-graham/the-most-realistic-distinction-between-the-investor-and-the/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

[Image](https://sms4smile.com/quotes/i/afa/benjamin-graham-1531_attitude_the-most-realistic-distinction-between-t_613703.jpg)

> [You cannot do anything without rousing the masses to action. A plenary meeting of the Soviet must be called to decide on…](https://sms4smile.com/quotes/vladimir-lenin/you-cannot-do-anything-without-rousing-the-masses-to-action-a-plenary/)

[Vladimir Lenin](https://sms4smile.com/quotes/author/vladimir-lenin/)

[Image](https://sms4smile.com/quotes/i/929/vladimir-lenin-1306_action_you-cannot-do-anything-without-rousing-t_2067596.jpg)

> [While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators.…](https://sms4smile.com/quotes/seth-klarman/while-no-one-wishes-to-incur-losses-you-couldn-t-prove-it-from-an/)

[Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/)

[Image](https://sms4smile.com/quotes/i/22e/seth-klarman-1979_avoidance_while-no-one-wishes-to-incur-losses-you_983343.jpg)

> [The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret…](https://sms4smile.com/quotes/james-madison/the-sober-people-of-america-are-weary-of-the-fluctuating-policy-which/)

[James Madison](https://sms4smile.com/quotes/author/james-madison/)

[Image](https://sms4smile.com/quotes/i/264/james-madison-373_america_the-sober-people-of-america-are-weary-of_331773.jpg)

> [“Roughly speaking: more than forty held government bonds. More than twenty were moneylenders. Over fifteen were slave owners. The rest an assortment…](https://sms4smile.com/quotes/ed-asner/roughly-speaking-more-than-forty-held-government-bonds-more-than/)

[Ed Asner](https://sms4smile.com/quotes/author/ed-asner/)

[Image](https://sms4smile.com/quotes/i/6f8/ed-asner-14022_george-w_roughly-speaking-more-than-forty-held-go_1374772.jpg)

> [Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the…](https://sms4smile.com/quotes/jesse-lauriston-livermore/just-remember-without-discipline-a-clear-strategy-and-a-concise-plan/)

[Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/)

[Image](https://sms4smile.com/quotes/i/994/jesse-lauriston-livermore-8857_abandon_just-remember-without-discipline-a-clear_1417338.png)

## Top authors on Speculators

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                        "text": "Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.",
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                        "text": "... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.",
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                        "text": "However, it is safe to say that at the peak in 1929 the number of active speculators was less - and probably was much less - than a million.",
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                            "name": "John Kenneth Galbraith"
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                        "text": "Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss",
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                            "@type": "Person",
                            "name": "Benjamin Graham"
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                        "text": "If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.",
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                            "@type": "Person",
                            "name": "Michael Hudson"
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                            "caption": "“If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then…” — Michael Hudson",
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                        "@type": "Quotation",
                        "text": "Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In reality, they often play a key role in making markets run smoothly.",
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                            "@type": "Person",
                            "name": "James Surowiecki"
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                        "@type": "Quotation",
                        "text": "The day that witnesses the conversion of our ministers into political and philosophical speculators or scientific lecturers, will witness the final decay of clerical weight and influence.",
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                            "@type": "Person",
                            "name": "Peter Bayne"
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                        "@type": "Quotation",
                        "text": "The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.",
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                            "caption": "“The reader can test his own psychology by asking himself whether he would consider, in retrospect, the…” — Benjamin Graham",
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                        "@type": "Quotation",
                        "text": "Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with the penalties for poor short-term performance, the long-term view may well be from the unemployment line ... Relative-performance-oriented investors really act as speculators. Rather than making sensible judgments about the attractiveness of specific stocks and bonds, they try to guess what others are going to do and then do it first.",
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                            "name": "Seth Klarman"
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                            "caption": "“Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably…” — Seth Klarman",
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                        "@type": "Quotation",
                        "text": "on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the real estate owners move in on the creative body and take their bite. The world of dreams breathes in an iron lung; and without this mechanical pumping it dies.",
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                            "name": "Marya Mannes"
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                            "caption": "“on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the…” — Marya Mannes",
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                        "@type": "Quotation",
                        "text": "In whatever system where the weight attached to the wheel should be the cause of motion of the wheel, without any doubt the center of the gravity of the weight will stop beneath the center of its axle. No instrument devised by human ingenuity, which turns with its wheel, can remedy this effect. Oh, speculators about perpetual motion, how many vain chimeras have you created in the like quest. Go and take you place with the seekers after gold.",
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                            "@type": "Person",
                            "name": "Leonardo da Vinci"
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                        "@type": "Quotation",
                        "text": "We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results.\" And \"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.",
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                            "@type": "Person",
                            "name": "Benjamin Graham"
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                        "url": "https://sms4smile.com/quotes/benjamin-graham/we-are-convinced-that-the-intelligent-investor-can-derive/",
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                            "caption": "“We are convinced that the intelligent investor can derive satisfactory results from pricing of either type…” — Benjamin Graham",
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                        "@type": "Quotation",
                        "text": "The very willow-rows lopped every three years for fuel or powder, - and every sizable pine and oak, or other forest tree, cut down within the memory of man! As if individual speculators were to be allowed to export the clouds out of the sky, or the stars out of the firmament, one by one. We shall be reduced to gnaw the very crust of the earth for nutriment.",
                        "creator": {
                            "@type": "Person",
                            "name": "Henry David Thoreau"
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                        "url": "https://sms4smile.com/quotes/henry-david-thoreau/the-very-willow-rows-lopped-every-three-years-for-fuel-or-powder-and/",
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                            "caption": "“The very willow-rows lopped every three years for fuel or powder, - and every sizable pine and oak, or other…” — Henry David Thoreau",
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                        "@type": "Quotation",
                        "text": "“Such rapid changes in price are almost always fueled by mass speculation and not fundamental growth. Behavior changes slowly, and many of the use cases put forth by cryptoassets will require the mainstream to adapt to these new platforms. Speculators, on the other hand, move quickly.”",
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                            "name": "Chris Burniske"
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                            "caption": "“Such rapid changes in price are almost always fueled by mass speculation and not fundamental growth…” — Chris Burniske",
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                        "@type": "Quotation",
                        "text": "Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.",
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                            "@type": "Person",
                            "name": "John C. Bogle"
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                            "caption": "“Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it…” — John C. Bogle",
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                        "@type": "Quotation",
                        "text": "The reality is that the founding fathers were land speculators. The fact was that you couldn't vote in this country if you did not own land, and that was basically you had to be a white man who owned land. Now how did they get that land? They basically had to steal it from someone, and that would be probably the Indians. And so most of the initial founding fathers were, while they may have had some really nice ideas about democracy, they had a lot of issues with people of color. They had a lot of issues with people who held things that they coveted.",
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                            "@type": "Person",
                            "name": "Winona LaDuke"
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                            "caption": "“The reality is that the founding fathers were land speculators. The fact was that you couldn't vote in this…” — Winona LaDuke",
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                    "position": 34,
                    "item": {
                        "@type": "Quotation",
                        "text": "“The necessity arising from a want of specie is represented as greater than it really is. I contend that it is by the substance, not the shadow of a thing, we are to be benefited. The wisdom of man, in my humble opinion, cannot at this time devise a plan by which the credit of paper money would be long supported; consequently, depreciation keeps pace with the quantity of the emission, and articles for which it is exchanged rise in a greater ratio than the sinking value of the money. Wherein, then, is the farmer, the planter, the artisan benefited? An evil equally great is the door it immediately opens for speculation, by which the least designing and perhaps most valuable part of the community are preyed upon by the more knowing and crafty speculators.”",
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                            "@type": "Person",
                            "name": "G Edward Griffin"
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                        "url": "https://sms4smile.com/quotes/g-edward-griffin-2/the-necessity-arising-from-a-want-of-specie-is-represented-as-greater/",
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                        "text": "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.",
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                        "text": "You cannot do anything without rousing the masses to action. A plenary meeting of the Soviet must be called to decide on mass searches in Petrograd and the goods stations. To carry out these searches, each factory and company must form contingents, not on a voluntary basis: it must be the duty of everyone to take part in these searches under the threat of being deprived of his bread card. We can't expect to get anywhere unless we resort to terrorism: speculators must be shot on the spot. Moreover, bandits must be dealt with just as resolutely: they must be shot on the spot.",
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                        "text": "While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest \"hot\" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.",
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                        "text": "The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less informed part of the community. They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding.",
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                        "text": "“Roughly speaking: more than forty held government bonds. More than twenty were moneylenders. Over fifteen were slave owners. The rest an assortment of land and debt speculators. And most dabbled in more than one category. George Washington, for example, was a slave owner, a moneylender, a land speculator, and the largest holder of government IOUs in the country. Who was not at the Convention is as interesting as who was: unrepresented were small farmers, shopkeepers, Revolutionary War veterans, laborers, indentured servants, and, of course, slaves, Indians, and women. What we have instead is a small circle of capitalist elites with George Washington at the center. They were (if we’re to believe only half of what Beard tells us) a rogues’ gallery of scoundrels, scalawags, moneylenders, stockjobbers,XXIX embezzlers, and, as it would turn out, traitors. Not to mention lawyers. Men, it would be fair to say, drawn to the power of their own purses.”",
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                        "text": "Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.",
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