Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
The three traits speculators must learn to manage within themselves are confidence, fear, and aggressiveness.
Being human, there will be some things we must accept on faith, while now and then we must even indulge in speculations.
Two young Harvard M.B.A.'s worked up some highly optimistic projections -- with the caveat that these were speculative and should of course be tested.
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.
If the world were good for nothing else, it is a fine subject for speculation.
If there were no bad speculations there could be no good investments;
if there were no wild ventures there would be no brilliantly successful enterprises.
In practical life the wisest and soundest people avoid speculation.
Creative work is play. It is free speculation using materials of one's chosen form.
Beautiful credit! The foundation of modern society.
Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: -- I wasn't worth a cent two years ago, and now I owe two millions of dollars.
Imaginary obstacles are insurmountable.
Real ones aren't. But you can't tell the difference when you have no real information. Fear can create even more imaginary obstacles than ignorance can. That's why the smallest step away from speculation and into reality can be an amazing relief. The Reality Solution means: Do it before you're ready.
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.
What is faith but a kind of betting or speculation after all? It should be, I bet that my Redeemer liveth.
In the middle classes the gifted son of a family is always the poorest -- usually a writer or artist with no sense for speculation -- and in a family of peasants, where the average comfort is just over penury, the gifted son sinks also, and is soon a tramp on the roadside.
I who have been involved with all styles of painting can assure you that the only things that fluctuate are the waves of fashion which carry the snobs and speculators; the number of true connoisseurs remains more or less the same.
Vague and mysterious forms of speech, and abuse of language, have so long passed for mysteries of science; and hard or misapplied words with little or no meaning have, by prescription, such a right to be mistaken for deep learning and height of speculation, that it will not be easy to persuade either those who speak or those who hear them, that they are but the covers of ignorance and hindrance of true knowledge.
Lovers may be -- and indeed generally are -- enemies, but they never can be friends, because there must always be a spice of jealousy and a something of Self in all their speculations.
It is from this absolute indifference and tranquillity of the mind, that mathematical speculations derive some of the most considerable advantages; because there is nothing to interest the imagination; because the judgment sits free and unbiased to examine the point. All proportions, every arrangement of quantity, is alike to the understanding, because the same truths result to it from all; from greater from lesser, from equality and inequality.
There is no shadow of protection to be had by sheltering behind the slender stockades of visionary speculation, or by hiding behind the wagon-wheels of pacific theories.
All the interests of my reason, speculative as well as practical, combine in the three following questions: 1. What can I know? 2. What ought I to do? 3. What may I hope?
The existence of pleasure is the first mystery.
The existence of pain has prompted far more philosophical speculation. Pleasure and pain need to be considered together; they are inseparable. Yet the space filled by each is perhaps different. Pleasure, defined as a sense of gratification, is essential for nature
Surely it must be plain that an ingenious man could speculate without end on both sides, and find analogies for all his dreams. Nor does it help me to tell me that the aspirations of mankind
It is marvelous indeed to watch on television the rings of Saturn close;
and to speculate on what we may yet find at galaxy's edge. But in the process, we have lost the human element; not to mention the high hope of those quaint days when flight would create one world. Instead of one world, we have star wars, and a future in which dumb dented human toys will drift mindlessly about the cosmos long after our small planet's dead.
If a man walks in the woods for love of them half of each day, he is in danger of being regarded as a loafer. But if he spends his days as a speculator, shearing off those woods and making the earth bald before her time, he is deemed an industrious and enterprising citizen.
The life of a man who deliberately runs through his fortune often becomes a business speculation; his friends, his pleasures, patrons, and acquaintances are his capital.