---
title: "Podcast Review | Speculation vs. Investment: Ben Graham's definition, Geoff's definition"
description: "Podcast Review | Speculation vs. Investment: Ben Graham's definition, Geoff's definition by Focused Compounding"
---

[Podcast & Book Reviews](https://blog.naos.com.au/podcast-reviews)

# [Podcast Review | Speculation vs. Investment: Ben Graham's definition, Geoff's definition](https://blog.naos.com.au/podcast-reviews/focused-compounding)

 Written by [Robert Miller](https://blog.naos.com.au/podcast-reviews/author/robert-miller) | Aug 3, 2020 11:44:14 PM

# **By Rob Miller | Portfolio Manager at NAOS Asset Management**

This Focus Compounding podcast series picks the brain of co-host Geoff Gannon, a successful ‘Buffett style’ US investor.

At NAOS, our investment process is centered around long term investing. This episode provides a useful and modern day adaption of the definition of investing and highlights the clear distinction between the practices of both speculating and investing. The lessons are practical and simple but are certainly worth a listen for any investor.

[Listen to the podcast](https://podcasts.apple.com/au/podcast/focused-compounding/id1352422076?i=1000480310534)

[View full post](https://blog.naos.com.au/podcast-reviews/focused-compounding)

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