differences between investor, speculator, gambler
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In case of gambling, you either win or you lose. ... Speculation has higher risk than investing but lesser risk as compared to gambling. When speculating, the speculator is aware of the fact that the more risk he takes, the higher his potential gains will be and the higher the chances of him losing money
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Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation involves taking a calculated risk in an uncertain outcome. Speculation involves some sort of positive expected return on investment—even though the end result may very well be a loss.
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