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> So gambling is your solution? Gambling has a mathematical downward bias. Investing has a mathematical upward bias. (That's my definition of the difference.)
by skookumchuck 9y ago
> So gambling is your solution?
Gambling has a mathematical downward bias. Investing has a mathematical upward bias. (That's my definition of the difference.)
I find it rather unfair to argue that wealthy people make money off of investments, but that non-wealthy people shouldn't invest because positive returns are not guaranteed. Well, they aren't guaranteed for wealthy people, either, but they invest anyway.