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Then what is the definition of investment and when you speculate on the price rise of an asset what specifically are you investing in?
by blueprint 9y ago
Then what is the definition of investment and when you speculate on the price rise of an asset what specifically are you investing in?
- vuln 9y agoPure hype. Hoping you convince more people to buy in and make loads of fake internet money.
- philipov 9y agoA reasonable definition of 'investment' involves the allocation of capital for the purpose of long-term creation of wealth in the instrument being invested in. This should be contrasted with 'speculation', which best applies to short-term strategy that merely seeks to skim alpha off the top of fluctuations in value, without regard to long-term health of the instrument.
- danhak 9y agoThe allocation of capital in anticiption of future cash flows.