Zweig on Investing Vs. Speculating

Every asset, writes Jason Zweig of The Wall Street Journal, “is an investment in some people’s hands and a speculation in others’. So it isn’t what you buy, but rather why you buy it, that determines whether you are investing or speculating.” Zweig explains that this distinction, which is often credited to legendary investor Benjamin Graham, may be flawed in that an investment can in fact be speculative in nature or actually resemble a hybrid… Read More