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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Famous quotes containing the words linguistic and/or significance:
“It is merely a linguistic peculiarity, not a logical fact, that we say “that is red” instead of “that reddens,” either in the sense of growing, becoming, red, or in the sense of making something else red.”
—John Dewey (1859–1952)
“Of what significance the light of day, if it is not the reflection of an inward dawn?—to what purpose is the veil of night withdrawn, if the morning reveals nothing to the soul? It is merely garish and glaring.”
—Henry David Thoreau (1817–1862)