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"Promise" is not meant in the strict logical sense. "Promise" can also mean "to give cause to strongly expect", as in "the upcoming thunderstorm promises hail d
by rowyourboat 9y ago
"Promise" is not meant in the strict logical sense. "Promise" can also mean "to give cause to strongly expect", as in "the upcoming thunderstorm promises hail damage".
In this case, it probably means "the investor is reasonably sure of". No, it is not an exact definition, but we are dealing with human behaviour and value judgments here, not mathematical proofs.
- dguo 9y agoYep, I agree. That's why I like to think of it as a spectrum. Based on analysis, someone can believe one operation is more of an investment than another operation. I know I was being pedantic, but I wanted to avoid making it seem simpler than I think it really is.