All the Hacks with Chris Hutchins cover image

Becoming a Better Investor with Andy Rachleff

All the Hacks with Chris Hutchins

NOTE

Differentiating Between Speculation and Investment

Investing is based on cash flow and can be evaluated on expected cash flows, while speculation lacks cash flow and is akin to gambling. Sophisticated investors typically avoid speculation and focus on investments with cash flows, as assets like gold and cryptocurrencies without cash flows are driven primarily by emotions.

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