Speculator – A Person Who Thinks He Or She is an Investor
The majority of investors in the stock market do not realize that they are speculators and think that they are investors. When exposed to investing in a businesslike fashion, they might agree that it makes sense to treat stocks as pieces of businesses and to buy them only when getting a deal, which means purchasing stocks for less than they are worth. In their minds, this kind of approach is logical and makes sense, but what happens in practice is a completely different story.
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Categories: Stock Market, Stocks