Oh because they are just as much gambles as the other, there are several cultures that require a distinction between gambling and investing, and many cultures t

Oh because they are just as much gambles as the other, there are several cultures that require a distinction between gambling and investing, and many cultures that don’t and won’t try to rationalize it just so they can sleep at night. The only reason positive expected value financial games exist is because there exist certain external cases that make them profitable almost all the time, such as inflation. But if your trade isn't sticking around for that, they aren't inherently positive expected value. I have pity for the people that feel they need to split hairs over this.... while paying for insurance.