Speculating refers to putting money at risk of capital loss over a short-term horizon, with or without dividend income, based on a rational analysis of risk and rewards. See speculation for elaboration of the difference between speculating and investing. Investing refers to putting money at risk of capital loss over a long-term horizon, often with dividend income, based on a rational analysis of risk and rewards. In intrinsic value investing, the method of valuation is used to evaluate the potential risks and rewards of an investment in the common stock of an operating company. Investment is forward looking, and the most long-term investment concerns itself with future unborn generations.
Investment is delayed gratification and the gradual growth of wealth.
Too high to them meant so high that permanent investment was no longer justified, because future dividends could not give a fair return on the then attained price. The philosophy of intrinsic value investing is an example of the application of the theory of positive nonintervention at the individual level. For investment managers and brokers, it further means resisting the pressure by peers and incentive compensation schemes to trade, sometimes in conflict with stated policies and without the knowledge or permission of the investor. The intrinsic value of an investment asset can be estimated according to agreed upon principles using a sound methodology. Using these online models, you can value any stock in any currency any time any place.