Comments on: Daily Links: Your Money or Your Life, and Benjamin Graham http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Wed, 19 Jun 2013 16:31:03 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Matthew Gordon http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/comment-page-1/#comment-173732 Matthew Gordon Fri, 27 Mar 2009 19:14:46 +0000 http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/#comment-173732 I’m concerned about these index funds that mirror the major indexes. They contain tons of terrible companies (like Exxon, Monsanto, Nike, etc.) that are causing massive problems in the world. Why are we giving our money to corporations that are causing deaths, global warming, tainting the food supply, using child labor and unsafe labor practices in the developing world, etc.? While I very much respect Benjamin Graham’s investing strategies, I think we need to find ways to follow his guidance without investing in these horrid companies. I’m concerned about these index funds that mirror the major indexes. They contain tons of terrible companies (like Exxon, Monsanto, Nike, etc.) that are causing massive problems in the world. Why are we giving our money to corporations that are causing deaths, global warming, tainting the food supply, using child labor and unsafe labor practices in the developing world, etc.?

While I very much respect Benjamin Graham’s investing strategies, I think we need to find ways to follow his guidance without investing in these horrid companies.

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]]> By: tax settlement http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/comment-page-1/#comment-95688 tax settlement Sun, 19 Aug 2007 23:48:55 +0000 http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/#comment-95688 Here is the exact quote from the Intelligent Investor where Ben Graham defines the difference between an investor and a speculator: “The individual investor should act consistently as an investor and not as a speculator. This means... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.” -Benjamin Graham Here is the exact quote from the Intelligent Investor where Ben Graham defines the difference between an investor and a speculator:

“The individual investor should act consistently as an investor and not as a speculator. This means… that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money’s worth for his purchase.”

-Benjamin Graham

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]]> By: handworn http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/comment-page-1/#comment-95661 handworn Sun, 19 Aug 2007 15:16:16 +0000 http://www.getrichslowly.org/blog/2007/08/17/daily-links-your-money-or-your-life-and-benjamin-graham/#comment-95661 The difference between an investor and a speculator seems mainly to be a matter of how much risk the person can accept and quickly the person plans to take a profit. Fear of being called a speculator (even if only by yourself in your own mind) should not be a reason to make a particular investment or not. I guess I just don't like the transformation of "speculator" into a four-letter word, even if there are grounds for it. It's verging on mob behavior. The fact of the matter is that even a speculator is far ahead of most Americans in investing at all. The difference between an investor and a speculator seems mainly to be a matter of how much risk the person can accept and quickly the person plans to take a profit. Fear of being called a speculator (even if only by yourself in your own mind) should not be a reason to make a particular investment or not.

I guess I just don’t like the transformation of “speculator” into a four-letter word, even if there are grounds for it. It’s verging on mob behavior. The fact of the matter is that even a speculator is far ahead of most Americans in investing at all.

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