Comment on When does investing become gambling?
Moneo@lemmy.world 1 week agoIf you’re talking about stock picking, hard disagree. Emotion has nothing to do with it whether or not it’s gambling.
If picking stocks was anything but a gamble portfolio managers wouldn’t have such a god awful track record.
bss03@infosec.pub 1 week ago
Just because you are wrong about your expected value calculations (or were right but the actual return was on the lower end of the range) and have made a bad investment doesn’t change the fact that it was an investment because you were doing it for the returns.
In short, performance doesn’t matter for this distinction, at least IMO.
Moneo@lemmy.world 1 week ago
You can dress it up in whatever language you want but when nobody is able to consistently beat the market it looks a hell of a lot like gambling.
bss03@infosec.pub 5 days ago
The DJIA (e.g.) isn’t “the house”. It isn’t something you are competing with in that your losses are its/their gain. You are misunderstanding both investing (in general and the stock market specifically) and gambling when you make that confusion/analogy.
Not beating the market but having positive returns is only “losing” when infinite exponential growth is the goal. Beating the market but having negative returns is not “winning”.