LSF 1.57% $3.14 l1 long short fund limited

Australia is a nation of punters and it’s all too common to see...

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    Australia is a nation of punters and it’s all too common to see investors punt with money that’s supposed to fund their retirement or pay for a home deposit.

    In his classic Where are the Customers’ Yachts?, American stockbroker Fred Schwed opined that the difference between speculators and investors is that speculators try to turn a little into a lot, while investors try to prevent a lot turning into a little.

    You can be a speculator with money you’re ok with never seeing again, but be an investor with money that you need to last for decades.”


 
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