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Understand the difference between investing and speculating from "summary" of The Intelligent Investor Rev Ed. by Benjamin Graham
Investing and speculating are two distinct activities in the world of finance. Understanding the difference between the two is crucial for any individual looking to achieve long-term success in the market. Investing involves thorough analysis, careful selection, and patience. It is a process that requires a focus on the long-term prospects of a company rather than short-term price fluctuations. Investors seek to build wealth gradually over time by purchasing assets that have the potential to grow in value. They are not concerned with making quick profits or trying to time the market. On the other hand, speculating is a much more speculative and risky endeavor. Speculators are dri...
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