It is not easy to differentiate between investment and speculation (especially for a beginner like me). I am confused all the time. Therefore, I did a little study to clear my doubt.
Once I started the “investigation”, to my surprise, I realized that most of the activities that I am doing everyday fit into the definition of speculation. For example trying to get the most benefit out of something, using shortcuts, trying to exploit certain phenomenons for my own good, jumping into a new activity whenever there seems to be new opportunities, etc. Actually, my life is full of speculations.