Money

‘The Seven Secrets of Successful Speculation’

“Speculation” has an image problem.

Index fund pioneer John Bogle recently wrote a book on “The Clash of Cultures: Investing versus Speculation,” where he trashed the idea of trying to make money by doing anything else besides investing in an index investment fund (presumably from the Vanguard firm that he founded).

And if you are an investor, he is right.

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