Speculators are not interested in putting their money into a stock or commodity for a long time. They want to see a good profit quickly – on a time scale of minutes to months. If their money does not quickly perform well in a situation, they move it into another situation. In pursuit of greater gain, speculators take greater risks with their capital than people who put their money into Savings & CD Accounts.
For the merchant, even honesty is a financial speculation.
An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.
Benjamin Graham and David Dodd
The speculator is not an investor. His object is not to secure a steady return on his money at a good rate of interest, but to profit by either a rise or a fall in the price of whatever he may be speculating in.
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on.
Doing speculation trading means challenging yourself first and then the market; that’s why you must know a lot about stupidity!
Carl William Brown
Outright speculation is neither illegal, immoral, nor (for most people) fattening to the pocketbook. More than that, some speculation is necessary and unavoidable, for in many common-stock situations there are substantial possibilities of both profit and loss and the risks therein must be assumed by someone.
There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: speculating when you think you are investing; speculating seriously when you lack proper knowledge and skill for it; risking more money in speculation than you can afford to lose.
The great thing about the ‘Fast and Furious’ world is everything is up for speculation. Yes, anything is a possibility.
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
What is faith but a kind of betting or speculation after all? It should be, I bet that my Redeemer liveth.
If the world were good for nothing else, it is a fine subject for speculation.
A speculator is a man who observes the future, and acts before it occurs.
Another great evil arising from this desire to be thought rich; or rather, from the desire not to be thought poor, is the destructive thing which has been honored by the name of speculation; but which ought to be called Gambling.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can.
We are living in an open world. There is a freedom of speech and, clearly, freedom of speculation.
To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.
Heber J. Grant
Speculation replaces fact. It’s very easy to see news outlets running with information that is unconfirmed or erroneous.