What does it mean to speculate on an investment?

Hi. I often read somewhere on the internet that investors only speculate. I know what that word means in normal usage, but what it means to speculate in the investment vocabulary. Thanks for your help and best regards

Hi. I often read somewhere on the internet that investors only speculate. I know what that word means in normal usage, but what it means to speculate in the investment vocabulary. Thanks for your help and best regards

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