An interesting debate arose here this week regarding the differences and similarities between investing and gambling. This debate is largely semantic and arriving at an actual definition of investing or gambling, in my humble opinion, is almost as subjective as the meaning of happiness.
Perhaps most would agree that the primary commonality of investing and gambling is the wagering of money on an uncertain outcome; therefore, one could argue that the two words share the same general meaning with regard to the underlying respective wagering activity [Note: Of course one may debate the differences in meaning between 'investor' and 'trader' as well but for purposes of this post, we’ll assume that traders are investors]. (more)
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