1) Investors focus on value investment, buying at/below market values, while speculators bet on an uptrend, buying without knowing the underlining value.
2) Investors buy to hold for long term investment, while speculators buy to sell for quick profits.
3) Investors are driven by numbers, always maintaining positive cash flow, while speculators are driven by fear and sentiment,hoping for good luck and miracles.
4) Investors buy in all markets, speculators are fixated on the boom market.
5) Investors go against the herd, while speculators follow the herd.
6) Investors make profits on the closing of the deal, while speculators wish how time, someday and somehow in the future they will make a profit.
7) Investors minimize risks, but are not deterred by risks, while speculators ignore risks and are overwhelmed by risks at the same time.
8) Investors see opportunities, while speculators see obstacles.
9) Investors take control of their lives,speculators let circumstances control their lives.
In conclusion, Investors take on valuable assets, while speculators always end up with liabilities.