Buffett’s favorite Keynes quote
“Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” ---- by John Maynard
Buffett added: “We’re not going to have much luck on acquisitions while this sort of a period continues.”
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Trial-Leo : Nice
Popular on moomoo OP Trial-Leo :![](https://emoticon.futunn.com/rich_daily_life/O_14.png)
Jasmyn9100 : Nice
NewPower : Stock market now has lots of speculations like in the casino.