Speculation is a financial action that does not promise safety of capital investment along with the return on the principal sum. A person or entity that engages in speculation is known as a Speculator. Speculation typically involves the lending of money for the purchase of assets, equity or debt but in a manner that has not been given thorough analysis or is deemed to have low margin of safety or a significant risk of the loss of the principal investment.^{[citation needed]} The term "speculation", which is formally defined as above in Graham and Dodd's 1934 text Security Analysis, contrasts with the term "investment", which is a financial operation that, upon thorough analysis, promises safety of principal and a satisfactory return.

In a financial context, the terms "speculation" and "investment" are actually quite specific. For instance, although the word "investment" is commonly used to mean any act of placing money in a financial vehicle with the intent of producing returns over a period of time, most ventured money—including funds placed in the world's stock markets—is technically not investment, but speculation.

Warren Edward Buffett (/ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. He is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.

Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer.

Buffett was born in 1930 in Omaha, Nebraska, the second of three children and only son of U.S. Representative Howard Buffett, a fierce critic of the interventionist New Deal domestic and foreign policy, and his wife Leila (née Stahl). Buffett began his education at Rose Hill Elementary School in Omaha. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School, and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math; a future stock broker."

Willard Christopher "Will" Smith, Jr. (born September 25, 1968), also known by his stage name The Fresh Prince, is an American actor, producer, and rapper. He has enjoyed success in television, film and music. In April 2007, Newsweek called him the most powerful actor in Hollywood. Smith has been nominated for four Golden Globe Awards, two Academy Awards, and has won multiple Grammy Awards.

In the late 1980s, Smith achieved modest fame as a rapper under the name The Fresh Prince. In 1990, his popularity increased dramatically when he starred in the popular television series The Fresh Prince of Bel-Air. The show ran for nearly six years (1990–1996) on NBC and has been syndicated consistently on various networks since then. In the mid-1990s, Smith moved from television to film, and ultimately starred in numerous blockbuster films. He is the only actor to have eight consecutive films gross over $100 million in the domestic box office and the only one to have eight consecutive films in which he starred open at #1 spot in the domestic box office tally.

Colonel Abrams is a house and urban musician who was born in Detroit, Michigan and raised in New York City, New York. He graduated from Benjamin Franklin High School currently known as Manhattan Center for Science and Mathematics which is in East Harlem section of Manhattan, there he met a fellow student and a guitar player named Joe Webb.

Colonel Abrams (his real name) moved with his family to New York City when he was ten years old due to his father (a construction worker) getting a job there. The family moved to the East Village in Manhattan on East 13 Street. From an early age, he began playing the guitar and piano. He was in several early bands, among them was Heavy Impact which he played both guitar and keyboards, Joe Webb (guitar), Lemar Washington (guitar), Marston Freeman (bass guitar), Ronald Simmons (drums), and Barbara Mills (saxophone). Later he formed Conservative Manor (mid-1970s), 94 East (the band featuring Prince on lead guitar), and the New Jersey band Surprise Package.