The theme this week on the One Minute Retirement Tip podcast is: 5 inspiring quotes about money and investing. 

Today’s quote comes from Benjamin Graham. He said: “You must never delude yourself into thinking that you’re investing when you’re speculating.” 

Speculation is always confused with investing, but especially right now, I think this quote is very timely. Between the dramatic rise and fall of bitcoin and meme stocks and the eye popping prices of homes in many areas of the country, there are a lot of people who think they’re investors, but they’re really just speculating and looking to flip a quick profit. 

You may be able to win a few times, but the only successful investors over a meaningful amount of time are not speculators. They’re investors and they pay attention to the fundamentals and the drivers of value in any good quality business or investment. So when everyone around you seems to be getting rich quick on speculating - which has been the trend since the depths of the Covd recession - don’t get sucked into the frenzy. Remember the core fundamentals of investing and stick to principles of quality and value, with a little patience thrown in. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance