Work With Human Nature
Most investors are familiar with Adam Smith as the author of the seminal book The Wealth of Nations. In that historic work, Smith lays out his beliefs and observations about what must occur for markets and economies to function and prosper. What many may not know, however, is that Adam Smith laid forth some invaluable principles that are at the heart of successful investing. Applied today, these lessons form an intelligent framework for rational investment decision making.
Consider the following observation Adam Smith made about the corporation: "The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot be well expected that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own..."...358 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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