46: Investing vs. Gambling
The property must make the sense the day you buy it or you don’t buy it. Anything without income is not an investment, it’s just a speculation.
Jason Hartman explains the difference between investing and gambling. Cash flow is reliable, appreciation is not. Why not? Can anyone predict the stock market? Jason analyzes what’s wrong with the market cycle predictors and provide relevant examples to explain the advantage of investing in something that provides cash flow.
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