Investment Club in Zambia Invests, It is Not Welfare Club
Warren Buffett's teacher, Benjamin Graham, once wrote. ‘Investment is most intelligent when it is most businesslike.’ The investment club is a business club, not a welfare program; and most definitely, not a merry-go-round. My club needs to remember that there are consumption clubs, the merry go rounds; and there are business clubs, of members doing business together; and then, there are investment clubs, of members investing together. An investment club is not a merry go round. An investment club is not a consumption club. An investment club is not a business club. An investment club is invests. The investment club makes money; it acquires money, and uses the money acquired to make more money. The investment club lives by the ideology of Benjamin Franklin thus: ‘money makes money, and the money that money makes, makes more money.’ But this is only possible when we approach our club as a business, with clear objectives of how much money we want to make, w...