That's a silly way to think about speculation. I'm not speculating on where the ball is going to land on some arbitrary roulette table at an arbitrary casino in

That's a silly way to think about speculation. I'm not speculating on where the ball is going to land on some arbitrary roulette table at an arbitrary casino in Vegas; I'm just not playing the game. The people who spend it are users, but the people who hold and trade it are just speculators. I'm not a user of the target retirement fund in my 401k, I'm just speculating that it's a well balanced way to grow retirement funds.