The term "speculation" offers negative connotations to the general public. The overall population mistakes speculation and gambling are synonyms; but they can be distinguished.
Gambling is to bet on an uncertain outcome with decisions based on emotions, fear and greed; while speculation involves deliberation of calculated risk and reward with capital preservation in mind. In summary Gambling involves irrational investment decisions with pride, and cannot accept being the fact of being wrong. Speculation understands that it's okay to be wrong, but it not okay to stay wrong. It is a process of minimizing losses, and preserves resources for the next opportunity. |
Choosing an adviser
