Posted by on Jul 1, 2020 in Articles & Advice, Blog, Columns, Featured |

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By Jason Zweig | June 12, 2020 11:00 am ET


Las Vegas has reopened, and not just in Nevada.

Wall Street also resembles a casino — even more than it normally does. Many stocks, especially of smaller companies in financial distress, have been bouncing around like dice on a craps table.

These moves seem partly driven by people who are flocking to the stock market for the thrill of taking big risks, whether they pay off or not. Such gambling can be fun, but you should never confuse it with investing.


To read the rest of the column:


For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig,The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:

What’s Speculating? What’s Investing? Some of the Wisest Investors Weigh In

Let’s Be Honest: Are You an Investor or a Speculator?

Are You an Investor or a Speculator? (Part One)

Are You an Investor or a Speculator? (Part Two)