- published: 09 Feb 2015
- views: 9722
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.
Who's got the stuff that made the Wild West wild?
Who pleases every woman, man and child?
Who does his best to give the customers a thrill?
(Who?)
Colonel Buff'lo Bill
Who's got the show that gets the most applause?
Five hundred Indians and fifty squaws
Ten feature acts and there's the special feature still
(Who?)
Colonel Buff'lo Bill
Did you ever see a cowboy rope a steer?
(No, we haven't)
Or an Indian with feathers throw a spear?
(No, we haven't )
Or a marksman shoot an earring from an ear?
(No, we haven't)
Did you ever see a hold up?
(No, sir )
Then gather closer
And let me give you some of the atmosphere
Introducing the worlds greatest sharp shooter, Mr. Frant Butler
The hour is midnight and all is still
We see the stagecoach climbing up a hill
Going along a mountain trail, carrying passengers and mail
Never suspecting danger as they roll along
The watchful driver is in his seat
His trusty rifle lying at his feet
Some of the passengers inside seem to be dozing as they ride
Never suspecting there is something really wrong
Suddenly there's a shout
(What is it all about?)
What is it all about you ask? It's Indians
(Indians)
Indians
(Indians)
Very notable, cut your throatable, Indians
(Indians)
Just when they've taken everyone by force
Who makes an entrance on a big white horse?
Who starts a' shootin' till there's no one left to kill
(General Grant?)
No, Colonel Buff'lo Bill
Who's got the stuff that made the Wild West wild?
Who pleases every woman, man and child?
Who does his best to give the customers a thrill?