I was recently struck by a noted columnist who asked if Facebook was a buy.
My take on that query is a cross between anger and amazement.
Years ago, when I entered my first securities training class, my instructor was adamant regarding the difference between a trade and an investment and I spent countless hours learning the significance of each.
Jesse Livermore once said “an investment is only a trade gone bad.” I, however, respectfully disagree.
Unfortunately, mainstream media, pundits of the airwaves, and even analysts/advisors have taken it further than Livermore and have intertwined the meanings...