Saving, Managing Debt, and Budgeting

Investing Versus Speculation

How does Forbes characterize the difference between investing and speculation?

In a 2012 article summarizing a book by Jack Bogle, the founder of Vanguard Mutual Funds, the author states there is “harm done when a culture of short-term speculation focused on the price of a stock overwhelms a culture of long-term investment focused on the intrinsic value of a corporation.”


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