“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
— Benjamin Graham
By nature, I am an optimist. When it comes to markets, one must strive to quell their own nature and be a staunch realist.
Our focus at Options Hotline is on the art and science of sensible speculation. To succeed, you must understand the difference between investment and speculation. You also must be able to discern the difference between speculation and gambling.
PS Click here for rare footage of Professor Graham (2 minutes) speaking to students at Columbia University.