Tuesday, February 10, 2009

Caveat Emptor - The Quote Suspect

‘Trent’ posted ‘Maturity and Money’ on ‘Easy Simple Side Money’, allegedly (caveat emptor!) "
A place for the little guy to learn how to make a couple bucks on the side.’

"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out.
- Adam Smith

I ran across that amazing quote from Adam Smith (an 18th century economist that’s often seen as the father of modern economics) the other day at the library and it’s stuck with me

Wherever ‘Trent’ got this spurious quotation from it was not from Adam Smith (1723-90).

I suggest Trent's readers ask him to check the library he says he got it from – someone may be conning him, which in the money advice business could be fatal for his readers’ wealth.



Blogger mus said...

This may be from George Goodman, who wrote financial commentary under the pseudonym Adam Smith.


Brian Ferguson

6:57 pm  
Blogger Gavin Kennedy said...

Hi Brian

I appear to be 'locked out' from your Blog at present!

Any particular reason?

I was looking for you a few wekks ago.

(Yes, I thought as much, but Trent definitely identifies it as from the 18th-century Adam Smith

8:23 pm  

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