" an investment operation is one which , upon thorough analysis promises safety of principal and an adequate return . operations not meeting these requirements are speculative . 投资必须是在详尽的分析之后，能够确保本金的安全与适当的报酬。凡是不符合这三个条件的都是投机的行为。
The securities business is a market not only for the commercial financing , but also for the private investment and speculation , which are according to the public information and documents 证券市场既是公司进行融资的场所，又是投资人根据相关的公开性文件及公开信息投资和适度投机的场所。
If america ' s slump deepens , it might trigger a reassessment in europe ' s property hotspots , particularly as tighter credit markets start to price out the more speculative investor 如果美国房市困境加剧，可能引发欧洲热点地区房市重新定价，尤其是当愈加紧缩的信贷市场开始让更多投机的投资者出局时
Following the correction in february , the market will likely trade sideways until there is better clarity on government policy regarding possible measures to control property prices and excessive market speculation 2月份的修正之后，市场可能会维持震荡态势，直到关于调控房价和过度投机的政策措施更为明朗。
When the level of the related transaction - specific investment is medium , the intermediate governance can reduce the threat of opportunism and avoid the high costs by adopting hierarchical governance 当交易专用投资程度中等时，中介治理方式就可以减少投机的威胁，同时也可以避免采用层级组织治理方式的高额费用。
The stock market transaction mechanism had decided its market essence is investment also is speculative , its most main reason is the serious information which in the stock market exists is asymmetrical 证券市场的交易机制决定了其市场的本质是投资的也是投机的,其最主要原因就是证券市场中存在的严重的信息不对称。
So when the level of the related transaction - specific investment is very high , hierarchical governance can be applied by enterprises , though the cost of governance is high , but it can cancel out the risk of opportunism 当交易专用投资程度很高时，企业可以采用层级组织治理方式，虽然这样治理的费用很高，但却可以抵消投机的风险。
" he is speculating in railways , " said lord wilmore , " and as he is an expert chemist and physicist , he has invented a new system of telegraphy , which he is seeking to bring to perfection . “他是来作铁路投机的， ”威玛勋爵说， “他是一个老练的药物学家，也是一个同样出色的物理学家，他发明一种新的电报技术，他正在寻门路，想推广他这的新发现哩。 ”
Rising demand for corn ethanol and speculation by large producers drove up prices for both yellow and white corn last year , causing tortilla prices to more than double in some parts of mexico and setting off angry protests 大生产商对玉米乙醇和投机的需求，使得去年黄白2种玉米的价格上升，以至于墨西哥某些地方的玉米饼的价格都翻了一番，激起了一片反对声浪。
For thailand fulfilled some extreme controls recently , thailand banks are not allowed to sale its currency to foreign arbitrage investors , and foreign investors can no longer exchange their thailand stocks into thai baht 由于最近泰国实施了一些极端的控制手段，泰国银行已不被允许向进行投机的外国投资者出售投资者出售其本国货币，外国投资者也不能再出售泰国股票换成泰铢。
