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The Money Game by Adam Smith

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6. WHAT ARE THEY IN IT FOR?

“Ninety percent of investors don’t really care whether they make money or not,” I postulated to my friend Harold the Psychiatrist. “They say they do, and that, of course, is the name of the game, but my downtown savants say that they don’t. What do you suppose they are in it for?”

“I haven’t a clue,” said Harold the Psychiatrist, over his corned-beef sandwich at lunch. Harold the Psychiatrist and I occasionally retire to a little coffee shop near his office on the West Side of Manhattan. “Practically all of my patients are in the market, and it means something different to each of them. They’re not seeing me because they’re in the market, but people who can afford a psychiatrist can also afford a broker, and money ...

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