In his legendary book, "The Intelligent Investor", Benjamin Graham explained the difference between "investing" and "speculating" by stating that
"An investment operation is one which, upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative"
If you take the slow, steady, conservative approach to building wealth, short periods of turmoil should never get in the way of you being able to achieve your long-term investing goals.
(Kiplinger): Why I'm Still Buying Stocks
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