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<p>[QUOTE=&quot;Cloudsweeper99, post: 1365331, member: 3011&quot;]I would modify that.&nbsp; Many stocks that don&#039;t pay dividends, or pay small but rapidly rising dividends are investments if you pay a low price in relation to earnings-cash flow-net asset value, but speculations if you pay a high price.&nbsp; Assets are speculations or investments based on the price paid for them in relation to the intrinsic value.&nbsp; The observation that it is a game of probabilities is 100% accurate since nobody knows the future.[/QUOTE]</p><p><br /></p>

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