speculate (verb) - to engage in thought or reflection; to deliberate or surmise; to make a risky trade in the hope of making a profit [spek-yuh-leyt]
BREAKDOWN: SPEC- (look) + -UL (small) + -ATE (to make or do)
a speculator is someone who makes risky trades in the hope of making a profit
speculation is the formation of a theory or guess without sufficient evidence; conjecture or supposition
speculative means based on conjecture rather than evidence; risky and unproven
See also: spectral
“There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.” —Mark Twain
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