If you asked that question to Warren Buffett, he would probably point you to Benjamin Graham's distinction between investment and speculation: "An investment o

If you asked that question to Warren Buffett, he would probably point you to Benjamin Graham's distinction between investment and speculation: "An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." http://buffettpedia.com/2017/08/investment-versus-speculation-2/ http://buffettpedia.com/2017/08/investment-versus-speculatio...