Speculation from morality to profitability

Mircea Gabriel Ciolpan and Mihaita Victor DUTA
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Mihaita Victor DUTA: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 12, pages 159-162

Abstract: What is a speculator? A person who seeks profit. What is an investor? An entity who also seeks profits. What is the difference between them? The difference may be due to the motivation of the investment, namely how much risk is supported by the investor. Risk aversion is the most important feature which differentiates investors within financial markets. From my point of view, the speculators are not guilty for breaking the law. Legislative and control authorities are responsible for no action as a response for the emergence of new investment opportunities and for the lack of legal rules for derivatives operations.

Keywords: speculation; moral operation; investor; reglementation (search for similar items in EconPapers)
JEL-codes: G00 G01 (search for similar items in EconPapers)
Date: 2010
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