Investing · Western classics

Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 341

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

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible, indeed, to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies, much less to render them necessary.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 341 · 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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