that's not the financial definition of speculation. The proper definition of speculation (by proper I mean "the only one that works; all others will be flawed")

that's not the financial definition of speculation. The proper definition of speculation (by proper I mean "the only one that works; all others will be flawed") is "any investment that increases the overall risk of your portfolio". (and a hedge is "any investment that decreases the overall risk of your portfolio".) neurons predicting the future may be hedging