Word: speculari
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Dates: during 1960-1969
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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...
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