In general contexts, speculate means "to form ideas or theories about something usually when there are many things not known about it." In contexts relating to business or finance, it means "to invest money in ways that could produce a large profit but that also involve a lot of risk."
☰Thought of the Day
"Happiness is not something readymade. It comes from your own actions." - Dalai Lama
- Melchior Teschner, German composer, born in Wschowa, Poland (d. 1635)
- Harold Urey, American physical chemist (Deuterium, Nobel 1934), born in Walkerton, Indiana (d. 1981)
- Richard Carlson, American stage and screen actor (All I Desire,; I Led 3 Lives), screenwriter and director (Riders to the Stars), born in Albert Lea, Minnesota (d. 1977)
- Alf Valentine, Jamaican cricketer (great West Indian lefty spinner), born in Kingston, Jamaica (d. 2004)
- Darijan Božič, Slovenian composer and conductor, born in Slavonski Brod, Kingdom of Yugoslavia (d. 2018)
- Debbie Stabenow, American politician (Senator-D-Michigan 2001-), born in Gladwin, Michigan
- Rick Burleson, American Major League Baseball shortstop (Boston Red Sox, California Angels; 4x All-Star, Gold Glove Award, Red Sox Hall of Fame), born in Lynwood, California
- Phil King, British rock bassist (Lush; Jesus and Mary Chain; The Fallen), born in London
- Emperor Charles declares all privileges of Ghent ended
- Prince Frederick Henry occupies Schenkenschans fortress after a nine-month siege during the Dutch Revolt
- Australian government announces it would send troops to Vietnam
- NFL Draft: Auburn running back Bo Jackson first pick by Tampa Bay Buccaneers
- "H.O.L.Y" single released by Florida Georgia Line (Billboard Song of the Year, 2016)
- Georges Boulanger, French general and politician, born in Rennes, Ille-et-Vilaine, France (d. 1891)
- Hendrik Nicolaas Werkman, Dutch artist (The Blue Barge) and resistance fighter, born in Leens, Groningen, Netherlands (d. 1945)
- Jake Burton Carpenter, American snowboarder (founder Burton Snowboards; one of the inventors of modern day snowboard), born in New York City (d. 2019)
- Sam Jones III, American actor (Smallville), born in Boston, Massachusetts
- Infanta Sofía of Spain, Princess of Spain, second in the line of succession to the Spanish throne, born in Madrid, Spain