Wonderful line from Adam Smith’s book, “The Money Game”
“If you don’t know who you are, this is an expensive place to find out.”
He was referring to the game called investing.
(And by the way, this is not the Adam Smith of “Wealth of Nations” fame.)
I have come across many investors who can’t tell whether they are investors or traders. Many don’t even know that they don’t know. Many invest money based on tips and some others buy on dips – both don’t know what they are doing.
Let us remember the famous last words of Jesus Christ, “Father, forgive them, for they don’t know what they are doing.” Well, while God might have heard the prayer of his Son, investment markets may not be so kind.
#RidingTheRollerCoaster – 191