Saturday, September 26, 2026

The bad road of speculation?

 


There seems to always be a moral focus on the speculation. It is evil. It is a temptress. It should be avoided. Less time and effort should go into simple economics. Most people aren’t good at speculation because you need an edge. It could be information, better knowledge or decision assessment, or lower costs. The failure is not in our moral fabric or greed. It is in our limitations.

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