Here’s is where we start to have some fun.
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Speculators And Investors We shall differentiate speculator from investors here with the definition that an investor has a much longer time horizon in which he expects his investment to yield a profit as was discussed earlier.
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A Put options is the reverse of the call option.
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Which is where we get the term Random Walk.
If you apply the example of the property deal to the stock market you get the same situation.