Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 281

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

When a person employs only his own stock in trade, there is no trust; and the credit which he may get from other people, depends, not upon the nature of the trade, but upon their opinion of his fortune, probity and prudence. The different rates of profit, therefore, in the different branches of trade, cannot arise from the different degrees of trust reposed in the traders.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 281 · 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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