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The Money Game by Adam Smith

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5. YOU MEAN THAT’S WHAT MONEY REALLY IS?

“The very bright people,” says one of my Wall Street philosopher friends, “know how to worm their way around the Street, and they do very well. And the ones who just buy the stock and put it away probably do all right. But the investors who really follow the market, the ones who call up all the time, ninety percent of them really don’t care whether they make money or not.”

We will come back to what these eager investors do care about, but first, this business about all the investors not wanting to make money; it may just be the healthiest thing we have heard in a long time, if we can believe what money really is, at least unconsciously. If the sixteen thousand security analysts, the fifty thousand brokers, ...

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