Do Not Be Afraid To Call Yourself A Speculator
When you invest in something you are speculating a future move or price change that will enable you to make some money out of it. I believe that every time you are investing you are speculating as well, even though speculating sounds a lot worse than “investing”. This definition can be found on multiple books and all around the web.
Some people might disagree with it, but if you read Max Gunther’s famous “The Zurich Axioms”, then you understand why there is no difference between an investor and a speculator. Some people believe that when they are investing, they are doing for the long term, that they are doing a good thing by putting some money on other people’s hand that they believe they will be able to put it to a better use.
Speculation is often seen as a short term type of investment. Whether it is a swing …
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