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Posted by Akash on September 14, 2007, 7:34 am
There is a very thin and blurred line between investing and
speculating (or gambling). To have a clearer understanding of this,
we would differentiate between the two.
There is a tendency for investors to be speculative when the markets
are bullish and buoyant. However, for long term and profitable
survival in the markets we must try and control this urge to
speculate. After all, we are here to learn and apply investment
management and not speculation management.
For a better understanding of this difference, visit:
http://www.narachinvestment.com/investment_and_speculation.htm
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