I’m reading again an old favorite, “The Warren Buffett Way“, and came across this little priceless advice, originally given by Benjamin Graham.

Reading this, it explains clearly why some who invest speculate on new extensions are so passionate about their investments speculations.

In a commentary on Chapter 1 in “The Intelligent Investor” by Benjamin Graham, it reads:

This reminds me of our approach when we started the domain game, not to be based on selling our domains. It was a sound decision to stick with traffic instead of sales, not traffic that may be there later, but traffic that was there at time of purchase for the most part. Today, the traffic game is a little harder so one needs to adjust. Where is the best place to put your bets? While there may be few, what we do know, reading both Graham’s and Carnegie’s thoughts over the years, unless you are the house (the registrar), it is not in new domain extensions.

Read the complete post at http://www.conceptualist.com/fedclick.php?ref=http://www.conceptualist.com/2008/08/08/ben-graham-avoid-speculation/&id=2278