Global Speculation Gone Amok - Stocks Buffett Indicator and Bitcoin :: The Market Oracle ::
"Gambling is a venture without calculation; speculation is a venture with calculation." — Dickson G. Watts Being a self-professed speculator in the junior mining space for the past forty-odd years, I used to include that quote in every client letter and in every research piece as a means of reminding readers that the art of speculation involves weighing many different but converging data points. That quote was the brainchild of Dickson G. Watts, an exceedingly successful speculator from the late 1800s and former president of the New York Cotton Exchange, whose book "Speculation ...
Source: marketoracle.co.uk