Introduction
There are technical distinctions between investing versus speculating. Nevertheless, both concepts are often thought about or utilized interchangeably. Moreover, there are nuanced distinctions between a rational or well-thought-out speculation versus outright gambling. In the former, there may be logical realities that support speculation when circumstances are in your favor. However, with gambling, the odds are virtually always against you. On the other hand, gambling can occasionally deliver monumental returns precisely because the odds are so strongly against you. Furthermore, if you are fortunate enough to hit that one in a million bet, you could