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
3 quotes about speculator follow in order of popularity. Be sure to bookmark and share your favorites!
The company was the great speculator of the modern-day commodity exchanges.
Martin Mayer
If you were to say the Prudent Speculator has beat all mutual funds in the past 25 years, it sounds better than saying he beat other newsletters, though it's roughly the same thing.
Mark Hulbert
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