A value investor, a trader and a gambler goes into a bar. After a drink or two, they started arguing over which of them is speculating in the market. The value investor says that the other two are not basing their investments on fundamental reasons and treating the buying of their part business ownership like digits, hence the two are speculative. The traders says that the other two did not consult the technical aspect and the price action of the charts before putting in their money, hence the two are speculative. The gambler says the other two did not seek insider's news or throng the forums for the hottest rumors, hence they could not possibly know what the BBs are doing without a ear on the ground, hence the two are speculative. As you can imagine, they couldn't come to a consensus, so they suggested asking the worldly bartender for ......