speculator
Noun
Meaning
One who speculates. Specifically: (a) An observer; a contemplator; hence, a spy; a watcher.
One who engages in speculation; one who buys and sells goods, land, etc., with the expectation of deriving profit from fluctuations in price.
Source: Webster's dictionarySynonyms
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A speculator is a man who observes the future, and acts before it occurs.
The speculator is not an investor.
If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
He was a major character in my book “Den of Thieves,” which chronicles the rise and fall of Mr. Milken and his co-conspirator Ivan F. Boesky, the takeover speculator and model for the Gordon Gekko character in the “Wall Street” movies.
Comic book collecting was enjoying a marked upswing at the time, fueled by the speculator boom looking for the next hot book that would jump in value after its release.
In Philadelphia, for instance, Hahnemann Hospital, which had served that city's poorest patients for by a real-estate speculator who then attempted to extract a million dollars a month from the local government to reopen it.