Dec

11

A Gem, from Tyler McClellan

December 11, 2011 |

 Hieronymus of Rhodes in the second book of his scattered notes relates that in order to show how easy it is to grow rich. Thales, foreseeing that it would be a good season for olives, rented all the oil mills and thus amassed a fortune.

Are we supposed to take Bruno's word that no one ever made money speculating in commodities against the real life experience of one of the seven sages?

Kim Zussman writes: 

Investment and speculation are the same thing only differing in degree.


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