Quote:
Originally Posted by El-Kayode
I will want to humbly disagree with you on your statement "If they have a perfect knowledge of the future stock performances, they would not be analysts in the first place, as they would have made trillions of Naira through perfect knowledge-based stock market transactions on their own accounts that they would need not bother themselves with being stock analysts."
To some, it's simply about a vision. Some might not have made the billions. yet they have first hand info, which they would feel should be shared; but some would think of themselves first. Well, I am one of that kind of persons who will want to add value to other people's lives. I think Life should not be for Me, Myself and I. Although I have not made the billion yet, but I have started educating people on the need to invest.
I think everybody investing in Stocks is a speculator.
Cheers.
Happy Investing
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No my friend, I quite agree with that statement. if they had a perfect knowledge of the market, they will not be stock analysts, earning a salary.
But I disagree that everyone that invests is a speculator. Very wrong, man. I have a friend who buys shares of only one company. He does not care what the market is saying, every month, he sends some money to his stockbroker with the instruction, buy first bank. he is not a speculator... he says he is only building his egg nest for the future. and i am very sure that he is not the only one.
if you have studied the life of warren buffet, you will also discover that he is not a speculator. he buys up companies, not for capital appreciation but to own them.