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Speculator or Investor: Definitions Definitions and explanations of speculator and investor

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Posted 04 December 2009 - 11:08 AM

What does a speculator or investor mean? What is the difference between the two?


Speculator: The speculator's primary interest lies in anticipating and profiting from market fluctuations.

Investor: The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.

Benjamin Graham
The Intelligent Investor
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