The act of trading an asset or conducting a financial transaction with a significant risk of losing most or all of its value with the expectation of a substantial gain. The risk of loss is more than offset by the possibility of a huge gain, otherwise, there would be very little motivation to speculate. To determine if an activity qualifies as speculative or investing can depend on the nature of the asset, holding period, and the amount of leverage.
Leadership Advocate and Co-Founder of the Goldzone Group. I help leaders to master the new rules of leadership for the new economy. Over the past 30 years, I have visited over 500 cities in 54 countries to explore, learn from, and help many of the world’s leading companies, leaders, and luminaries in the fields of science, technology, health, finance, entrepreneurship, and leadership.