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That is not hedging; it is outright speculation.
This can make for sloppy scholarship with a lot of hedges like "probably thought," "would have understood" and "might have been," as well as outright speculation — sometimes by the authors themselves.
In equities the least risky stocks are trading at their lowest valuations ever relative to the market, while there's overvaluation and outright speculation elsewhere.
Trump abruptly pushed back his planned announcement after a frenzied day of leaks and outright speculation that indicated he had selected Indiana Gov. Mike Pence to run alongside him.
Investing in mining companies can be risky, as factors such as company management, regulations, and weather may make investing in gold seem like outright speculation.
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Indeed the "landlords taking advantage of £26.7bn a year in subsidies", in the same edition, must include pensioners who have gone into buy-to-let and outright property speculation because the rate of return is so much higher than for other investments.
Facebook reportedly has turned away offers to buy the Palo Alto, Calif.-based company outright, stoking speculation that it is preparing for an eventual IPO.
And because Snowden combined elements of truth swirled together with paranoid speculation, outright lies and pure hype, reviving a rational discussion has been hard.
From a debilitating battle with gout, to house arrest and outright regime collapse, speculation over the reason behind Kim Jong-un's lengthy absence from public life is intensifying as North Korea prepares to celebrate the anniversary of the founding of its ruling party on Friday.
The result was wild speculation and outright plundering.
"The suggestion that but for Mr Taylor the war in Sierra Leone would not have happened the way it did is an outright fallacy or wild speculation at best," he added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com