"You must never delude yourself into thinking that you're investing when you're speculating."

"You must never delude yourself into thinking that you're investing when you're speculating."

https://paragraph.xyz/@idle/the-timeless-wisdom-of-ben-graham

I write about tech + humans + philosophy. Skeptical tech optimist, EA aligned, building internet businesses.

Farcaster OG.

https://linktr.ee/joanwestenberg

Exactly, I’ve somehow deluded myself into being a speculator when I’m actually an investor

Ben would either be proud or quite sad.  I guess I’m not fit to label.

The fact that you don’t sell makes you an investor though rather than a speculator - a speculator keeps buying selling and trading.

I actually do the opposite.

Take BTC & ETH - I behave like a speculator, watching prices, sweating over inflation prints, but I’ve never sold nor have any plans to sell anytime soon.  I don’t to the same with my 401k for example.

No idea why, maybe cause when i believe in something I’d rather be right than rich