What is investment? (From a generalist perspective)


An investment is
a type of transaction.

In a transaction,
something
is exchanged for
something else.  

By adding the concept of time,
we split the concept of transaction in two:
barter transactions
and
investment transactions.

In a barter transaction,
something (in the present)
is exchanged for
something else (in the present). 

In an investment transaction,
something (in the present)
is exchanged for
something else (in the future).  

An important observation:

Time contains
the concept of risk

And since
the present is certain
and
the future is uncertain
time adds risk
to investment


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