> An investment is an asset which is expected to go up in value faster than inflation. An investment isn't defined away because it is likely to fail. It can be

> An investment is an asset which is expected to go up in value faster than inflation. An investment isn't defined away because it is likely to fail. It can be a bad investment if that is the probability. An investment isn't in general defined by wisdom. Stocks have been invested in when inflation was high enough to make them bad investments in the short term, but in some such cases they worked out in the long term.