Word: speculari
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...victory. Baruch was proud to have been a speculator, but he cringed at the implications the term came to carry. "Modern usage," he noted in a 1957 autobiography, "has made the term 'speculator' a synonym for gambler and plunger. Actually the word comes from the Latin speculari, which means to spy out and observe. I have defined a speculator as a man who observes the future and acts before it occurs...
Adhering steadfastly to that law, Baruch quickly made a fortune on Wall Street. "I am a speculator, and I make no apologies for it," he said. "The word comes from the Latin speculari -to observe. I observe." So carefully did he observe that he was able to write in his two-volume autobiography, "At 32, I had $100,000 for every year of my age, and I had it in cash...
...days on Wall Street, he used to say: "I am a speculator and make no apologies for it. The word comes from the Latin speculari-to observe. I observe." As mobilizer in World War I, he observed enough to prepare a report on mobilization (American Industry in the War) which might well serve as a text for all future wartime officials...
...Baruch was from time to time useful to the Hoover Administration. When Franklin Roosevelt went to Washington, "Bernie" Baruch was slated to be a trusted White House economic observer. "I am a speculator." he said once, "and make no apologies for it. The word comes from the Latin speculari-to observe. I observe." In June 1933, the hawk-eyed financier was around Washington so conspicuously that a friend addressed a telegram to him as "Unofficial President of the U. S." After that his visits to the White House became few and far between...
...reform politician. For gambling for gambling's own peculiar thrill he had no love. His speculations were for profit only. More than that he was a speculator on moral principle. His credo: "I am a speculator and make no apologies for it. The word comes from the Latin speculari-to observe. I observe...
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