Several years ago I was in a training seminar and the speaker, who was an engineer with an attitude, an edge about him, was talking about the properties of concrete. At one point he got very passionate as he explained how you should never call it “cement”. In fact, he got pretty irate as he lamented how uninformed people call it cement, emphasizing how cement is only one of the ingredients of concrete and not concrete itself. He said that this would be the same as calling a cookie “flour” when flour is only one of the ingredients of a cookie and not a cookie itself.
The same idea can be applied to all the investment gurus and everyday people out there who Continue reading “Gambling in Stocks or Investing in Companies?”