Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
About this quote
- What does it mean?
- Speculation is criticized as making money through price changes rather than producing value.
- In plain terms
- Speculation means profiting from price changes, not making goods.
- What can you take from it?
- Focus on creating value rather than trading prices.
Where it applies
Putting it to work
Questions to consider
- Is speculation harmful?
- What creates real value?
Another view
Speculation can provide necessary liquidity in markets.
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