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What is a speculator?

What is a speculator? Here are some definitions.

Noun
  1. One who speculates; an observer; a contemplator.
  2. One who forms theories; a theorist.
  3. (business, finance) One who speculates; as in investing, one who is willing to take volatile risks upon invested principle for the potential of substantial returns.
  4. (rugby) Synonym of field goal
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Examples
Wherever he could get his hands on a speculator or extortioner, he shook him up.
The European Parliament is obviously not a property speculator, but endeavours to be a good administrator of the funds entrusted to it.
But someone needs to take the other side of the bargain, and that usually requires a speculator.
And even the world's foremost speculator, George Soros, warns against the perils of unfettered markets.
The strategy that fits the needs of a speculator will probably have no place in the portfolio of a long term investor.
Anyone else who's trying to figure out when rates will rise is most likely a speculator, and that grousing can safely be ignored.

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