Pentru a intelege mai exact, dincolo de teorie, diferentele intre investitie si speculatie voi incerca sa exemplific prin cateva situatii, precizand de la inceput ca nu am nici cea mai mica pretentie sau intentie sa acopar toata gama posibilitatilor. 1….

„An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” Graham and Dodd’s Security Analysis (original 1934 edition) 1) Definitia clasica a investitiei, data de Benjamin…