When you’re just about to hit the buy button, can you be sure if greed has got the better of you, and you’re really speculating?
Truth is, even I’ve often wondered about this difference between investing vs speculation.
Luckily, it’s a question that has preoccupied the giants of value investing. From Ben Graham, down to modern writers like Howard Marks and Gautam Baid.
And thankfully, there is a way to piece everything together.