There r many ways in which speculation may be unintelligent…
There r many ways in which speculation may be unintelligent
1 speculating when u think u are investing
2 speculating seriously instead of a pastime, when u lack proper knowledge and skills
3 risking more money in speculation than u can afford to loose
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Speculation is beneficial beacuse without it, untested new companies would never be able to raise the necessary capital for expansion. The alluring long-shot chance of a huge gain is the grease that lubricates the machinery of innovation
-Benjamin Graham