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> that is not gambling or anything like buying lottery tickets That is literally gambling. That is what gambling experts do to get money. A very good example:
by Hokusai 6y ago
> that is not gambling or anything like buying lottery tickets
That is literally gambling. That is what gambling experts do to get money.
A very good example: https://thehustle.co/the-man-who-won-the-lottery-14-times https://thehustle.co/the-man-who-won-the-lottery-14-times
Gambling is not about good or bad luck, it is about statistics. That is why the casinos are gambling all the time but get good profits. Casinos understand statistics and balance the bets on their side. And, as in your example, casinos lose many bets, it is in average that they make money.
So, your example is completely correct, but it applies to all types of gambling.
- autokad 6y agoNo, thats flawed thinking. When you invest in a company, you are investing in an organization that will (at least its their responsibility to) try to succeed. They want to make money and/or grow. On average, investors are virtually guaranteed to make money. Thats why you call it investing, you are taking money and putting it into an asset that creates wealth. the strategy for success is in your hands. when you buy a lottery ticket or place a bet in a Casino, on average you are guaranteed to loose money (unless they are bad at their job or you are cheating). you are just hoping that you will not be one of the majority of losers, and this is at random. success is in the houses hands. your way of thinking on this is poisonous and its important you understand the differences, or at least make the world a better place by keeping your mouth shut on this subject. Telling people investing is gambling makes the world a worse off place.