13 Nov 2012 Nokia: A Speculative Play - Not An Investment
In my investing philosophy, I like to follow the advice of value investing guru Benjamin Graham in his book the Intelligent Investor, where he explained that anyone putting money into the stock market has to distinguish their activity between "investing" and "speculating." Speculation can be a lot of fun, but there are significantly more risks involved and very few people have been consistently good at it over the long term.