What is a speculator?
A speculator is someone who buys or invests in a property, commodity, or financial instrument, gambling that the value of his investment will rapidly increase over a short period of time. The person is usually not interested in retaining the property or investment, merely trying to profit by selling it for more than he paid for it. There is no guarantee of gain, or that his initial cost will actually be recouped.
The term "speculation" is often applied to investments that promise a high return but also have a higher risk of loss. Speculators may borrow money for such risky endeavors and then default on their loans if the investment fails.
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