Investing is not a game against nature, but a game against other investors. What does this statement

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"Investing is not a game against nature, but a game against other investors." What does this statement mean? What does it imply about how to conduct equity investing?

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Financial Statement Analysis and Security Valuation

ISBN: 978-0078025310

5th edition

Authors: Stephen Penman

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Question Posted: Aug 25, 2017 02:10 AM

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Investing is not a game against nature, but a game against other investors. What does this statement

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Investing is not a game against nature means that ...View the full answer

Financial Statement Analysis and Security Valuation

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