Earlier this week we posted an article from the CFA Institute (with permission of course, we have a syndication agreement as mentioned a few months ago) by Robert Hagstrom on the question of What Is the Difference between Investing and Speculation? 19 readers gave responses. Additionally, Howard Marks himself weighed in on the question as well. Another great answer has come from Jason Zweig, who dedicated two articles to the topic. This is an important topic that gets to the essence of value investing. However, many value investors gave different response It is interesting to see the different views about what quantifies actual investing versus speculation. Readers can see and feel free to submit their answers if they wish.
Jason Zweig articles: