Speculation fuses fatalistic accumulation desire with risk-taking ingenuity

Evidence

But at its core, the art of speculating always encompasses an imperfect knowledge of the future and the acceptance of high risk; it combines the Lutheran fatalism of an inexhaustible human desire for accumulation with the ingenuity that Adam Smith believed speculation fosters. — Aris Komporozos-Athanasiou, Speculative Communities, 82

Categorization

• DEFINE: Core definition of speculation: imperfect future knowledge plus high-risk acceptance.
• XREF: connects to: Speculation is an imaginative act detached from asset value, pricing others’ future desires — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 215

Broader Connections

• Speculation is an imaginative act detached from asset value, pricing others’ future desires #expands (0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 215