Risto is and will always be just a speculator. His other delusions are just that.
According to definition, "speculation" is an act of foreseeing that an asset has a greater EV than PV+carry cost.
Being "just" a speculator is a decent income if you are even a little successful.
No, according to definition "speculation" is the act of foreseeing the price of something going up (or down)
irrespective of underlying value and profiting from that.
|Foreseeing that an asset has a greater EV than PV+carry cost is called investing.