D. from Stanford University's engineering and economic systems department, is less charitable when it comes to companies with speculative business models, especially those carrying a large debt load.
Combine the aggressive confidence of science and the speculative needs of business, and you get that unique Western omen-reader, the futurist.
The withdrawal of credit in the past two years has been indiscriminate, hitting speculative residential developments and creative business start-ups alike.
"To me, many of these projects are a result of easy access to capital and a combination of wishful thinking and speculative behavior rather than rational business calculations, " said Victor Teo, assistant professor at the University of Hong Kong.
In one case the struggling business made a hugely speculative investment in high-fin loaches, but the sensitive fish were so traumatized by vibrations from nearby power tools that they all went belly-up in just a few days.
Increasingly, stock markets function as speculative adjuncts to the real work of business finance.
The Vickers plan, based on the Independent Commission on Banking report led by Sir John Vickers, is designed to keep saver and business deposits from being compromised by the more speculative activities typically undertaken by investment banking operations.
In order to repair this trust, UK policymakers and bankers would rather implement harsher regulatory measures such as the Vickers Plan, designed to keep saver and business deposits from being compromised by the more speculative activities typically undertaken by investment banking operations.
Even if you never show a profit, you can claim your losses if you can show you had good reason to believe you might make money--a chance for a substantial profit in a speculative venture is enough--and adjusted your strategy or quit the business when it didn't pan out.
One key is that JVA itself is more adept at making speculative plays in the options markets than in the operational side of a coffee wholesaling business.
应用推荐