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Speculation from morality to profitability


  • Mircea CIOLPAN
  • Mihaita Victor DUTA

    (University of Craiova)


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.

Suggested Citation

  • Mircea CIOLPAN & Mihaita Victor DUTA, 2010. "Speculation from morality to profitability," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 159-162, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:159-162

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    More about this item


    speculation; moral operation; investor; reglementation;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G01 - Financial Economics - - General - - - Financial Crises


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