Edward Chancellor on the Real Story of Interest
Masters in Business
00:00
The Difference Between Speculation and Investing
The word speculator is Latin and was a Roman military guard whose job was to look out and see whether the... Speculate on danger. In particular when you get into what financial markets, the capitalist world, you're always trying to anticipate what's going on. Even people who describe themselves as investors are also necessarily speculators. When we talk about speculation, we often talk about sort of irrational or dangerous gambling type tendencies.
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