But… But… It’s a Fabergé egg!
Comment on bro got neutered
funkless_eck@sh.itjust.works 1 month agoand recognize it for what it is: gambling on whether some dudes think this company is worth more today than yesterday.
if you were gambling on what some dudes thought about an egg you’d take it a lot less seriously.
WhoIzDisIz@lemmy.today 1 month ago
GeneralDingus@lemmy.cafe 1 month ago
I disagree that investing in the stock market is gambling with the caveat that many people treat it like gambling.
What I mean is that boring, defensive trading is a fairly predictable thing. Boring, stable and mature companies are typically safe investments that do grow over time and are a good way to protect yourself against inflation.
The issue is people want to maximize returns, even if expectations are unrealistic, and make risky gambles at unwarranted expected returns. Look at a company’s profit, expenses, history and dont expect the future to be ideal for big returns.
chloroken@lemmy.ml 1 month ago
Boring, defensive poker is still gambling.
harmbugler@piefed.social 1 month ago
Interesting in stocks with a one day horizon, you’re right, it’s basically gambling. Over ten years though, different story.