The term “specuvestor” (speculator + investor) was coined by Lewis Owen’s book, How Wall Street Doubles My Money Every Three Years (1969). An advertisement for the book explained, “This hardy hybrid combines the daring of the one with the caution of the other.” The term “specuvestor” has been rarely used in the United States.
“Specuvestor” appears to have been used in Singapore since the 1990s.
How Wall Street doubles my money every three years;
The no-nonsense guide to steady stock market profits
By Lewis Owen
New York, NY: B. Geis Associates
HOW TO BE A “SPECUVESTOR”
16 May 1970, Gallup (NM) Independent, pg. 33 ad:
How Wall Street
Doubles My Money
Every Three Years
Mr. Owen’s basic advice is “Be a specuvestor.”
A “specuvestor” is what you get when you cross a speculator with an investor. This hardy hybrid combines the daring of the one with the caution of the other. He can go pretty far—but if he makes mistakes, they’ll never be the fatal kind.
Owen presents twenty rules for “specuvesting.”
Volume 20, Issues 1-6
Enough “specu-vestors” looking to “unload” their investments can be found in the pages of the classified advertisements.
The 36 Strategies of the Chinese:
Adapting ancient Chinese wisdom to the business world
By Chow Hou Wee and Luh Luh Lan
Singapore; Reading, MA: Addison-Wesley
Indeed, they had become more of “specuvestors” than pure speculators. In other words, they were willing to speculate for capital gains, but had the means and resources to hold for the longer term if needed.
26-09-2006, 09:49 PM
But is this always an option? What about interest rate rises biting? Or interest-only specuvestors getting cold feet as they perceive appreciation to be static?
Bears & Bull
Friday, Juy 31, 2009
A bubble that’s a gleam in specuvestors’ eyes
Business Times - 31 Jul 2009
Mah Bow Tan’s caution aimed at averting pain later, property market watchers say
By EMILYN YAP
(SINGAPORE) Better to suck out the froth now than to burst the bubble later - that was what market watchers saw as the government’s intention in warning against rash property purchases.
New York City • Banking/Finance/Insurance • (0) Comments • Sunday, March 25, 2012 • Permalink