The Money Game

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Complete game apparatus at rear end in a cardboard box: decks of playing cards and money specimens in pounds sterling , small sized printed publ. As he states very eloquently in Chapter 2, “There are fundamentals in the marketplace, but the unexplored area is the emotional area.

The Money Game by Adam Smith • Novel Investor

On the Depression: “It is a sobering experience to read through—as once I did—all the Wall Street Journals and Barron’s from 1929 to 1933. Beware of goals identified by numbers because it’s easy to fixate on a big round number and sometimes the goals — goalposts — often get moved by jealousy or envy or greed…or dreams.Quarterly, reports came out saying, ‘the outlook is favorable,’‘a sustained recovery is on its way,’ and so on. He came close so many times, and took big risks (margin) to get there, but failed because anything less wasn’t enough. I consider myself a highly rational person that likes to analyze situations before, during, and after. Accounting standards and financial statements imply precision too, yet earnings can be manipulated up or down any number of ways. But the importance of being part of what’s going on, being there and knowing things, supersedes the making money part, at least correctly defined.

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This game was designed by noted leftist reformer/author to show the misunderstanding of money and currency by use of a card game. A name created for him by the publisher of New York Magazine so as to keep his weekly Wall Street columns anonymous. The Money Game, written by one who signs himself ‘Adam Smith’ (and who some believe is Harvard-and-Oxford-trained George J.Phil Fisher, the creator of the scuttlebutt approach, looked at his past successes to find that only one-sixth of them were found through scuttlebutt. If you’ve ever watched an awards show, you’ll be familiar with a certain type of humor that only a few people can correctly pull off. Professional investing is intolerably boring and over exacting to anyone who lacks the gambling instinct, while anyone who has it must pay to this propensity the appropriate toll.

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The game was developed in 1912 but became very popular only when introduced in the United States of America in 1927. Due to the nature of the publication and the popular game bound with it, copies in such good, museum quality condition, are highly uncommon. Unlike the holier than thou value investing books, many of which I’ve had the pleasure of reading, this one does not claim that there is any meaning to the investment activity, other than acquisition of financial wealth, nor does it portray the “pursuit of alpha” as anything meaningful, an end in itself. Chapter 21: You need to create your own money philosophy to answer the question do you really want to be rich?In the end, the one requirement to win The Money Game is to remember the Irregular Rule: If you don��t know who you are, this is an expensive place to find out. There are bills to pay, food and travel to budget for, plus loads of fun things to spend your money on. Back cover includes purpose made boxed areas to hold playing cards, score slips, rule cards and toy pound note cards in green, purple, blue and orange.