Linguistic Significance
Common usage of investment to describe speculation has reduced investor capacity to discern investment from speculation, reduced investor awareness of risk associated with speculation, increased capital available to speculation, and decreased capital available to investment.
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“The most striking aspect of linguistic competence is what we may call the ‘creativity of language,’ that is, the speaker’s ability to produce new sentences, sentences that are immediately understood by other speakers although they bear no physical resemblance to sentences which are ‘familiar.’”
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