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Strategies & Market Trends : Aardvark Adventures

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Nov 24 3:59 PM EST

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From: ~digs	7/6/2009 1:47:20 PM
	1 Recommendation of 7944

"Modern usage has made the term speculator a synonym for gambler and plunger. Actually the word comes from the Latin speculari, which means to spy out and observe. I have defined a speculator as a man who observes the future and acts before it occurs. To be able to do this successfully -- and it is an ability of priceless value in all human affairs -- 3 things are necessary: First, one must get the facts of a situation or problem. Second, one must form a judgment as to what those facts portend. Third, one must act in time, before it is too late. I have heard many men talk intelligently--even brilliantly-- about something only to see them proven powerless when it comes to acting on what they believe. If action is delayed until the need is apparent to everyone, it will be too late. To be evident to all, a danger must be on top of us and out of hand." - Bernard Baruch

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