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Speculation

Emery speculation consists in buying & selling

commodities or securities or other property in the

hope of a profit from anticipated changes of value.


Primary motive profit through price changes.

Gambling
It is an act of creating an artificial and unnecessary

risks for expected increased return.


Short term investment based on rumors and hunches.

Difference among :
INVESTORS, SPECULATOR & GAMBLERS
Motives of the buyer Nature of securities bought Period of holdings

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