Is it investing or speculating...........

The headline of the CCIM magazine read "Dirt, Cheap:
Opportunistic Investors Place Their Bets on Land."

Owning some, I thought, "this should be rich."

The opening paragraph to the story reads: "Even at bargain
basement prices, most land investments today are a
gamble."

Hmmmm.  Sound like speculation, not investment, to me. 
Speculation is not considered investing by this blog.  It is also
 not for the faint at heart.  The confusion between the two has
caused more than a few heartaches.

P.S.  We own some development land that is for sale,  should
any of you want to place a bet on it.