Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 272

Adam Smith《The Wealth of Nations》· Book I, Chapter X · Investing

The profits of stock seem to be very little affected by the easiness or difficulty of learning the trade in which it is employed. All the different ways in which stock is commonly employed in great towns seem, in reality, to be almost equally easy and equally difficult to learn. One branch, either of foreign or domestic trade, cannot well be a much more intricate business than another.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 272 · Verified:2026-10-19 · Verification:Exact match

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

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