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4min chapter
Classic 13: Security Analysis
We Study Billionaires - The Investor’s Podcast Network
What's Investing vs Speculating?
Bhat: What i really took away from this first part was how he distinguished between investment and speculation. He says that depending on the min condition, sometimes speculators were almost looked as as investors. And then in times like 19 34, whenever he published curite analysis, even a very cautious investor like benmin graham, he was considered almost like a gambler because he were something called stocks and bonds. The public opinion just sertanly shifts. That's really interesting also, because that is basicly what you see to day.
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