What is the difference between investing and speculation? Evidence-based investment stratgies reduce risk.

In my experience, novice investors can talk themselves into believing that an investment exhibits less risk than what it actually does. They think they are investing but in reality, they are closer to speculating than investing. The solution is to understand what evidenced-based investing is and how to use it effectively. This podcast discusses the difference between investing, speculation and business - sometimes they overlap as shown below. For more information, go to the blog page here....