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Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. ↗
#investing #investment #speculation #stocks #where-are-the-customer-s-yachts
My first job was in sixth grade, sweeping the clay tennis courts at the yacht club near my house, which I was not a member of. Always had to pay my own rent. But I don't really have any concept of how money works. I don't know how much things cost. Like a BMW. Or a quart of milk. It's embarrassing. ↗