Quote by Charles M. Schwab

I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.

I have probably purchased fifty 'hot tips' in my career, may

Summary

In this quote, the speaker reflects on their experiences of investing in 'hot tips' throughout their career. They admit that despite buying numerous recommendations, they have always ended up losing more than they gain. The statement suggests that following tips and insider information often leads to negative outcomes, implying that relying on such advice is not a successful investment strategy. It serves as a cautionary reminder to be cautious and rely on thorough research and analysis rather than relying solely on others' tips.

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By Charles M. Schwab

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