Reply #28: I never said the market was risk less

[wuushew]

just that there is a fundamentally definition difference between gambling and investment.

Investment carries the expectation of a positive return was gambling is a fundamentally loosing proposition.


I have nothing against spending money on a U2 concert, however you with all certainty are exchanging your money which you value for entertainment which you value. Gambling is trading money which one values for the mistaken belief that you can increase the amount you hold. This is a mistaken belief since greater than 50% of the participants will be burned based on this assumption. If they simply valued the social pleasure of a casino by bother risking real money in the first place?