Interesting statement, since "certified" investors invest money into startups which have a failure rate of 95%. But these people are of course not "gambling",

Interesting statement, since "certified" investors invest money into startups which have a failure rate of 95%. But these people are of course not "gambling", because they bet at 50 horses at once. And for all their experience, they continuously fail. It all seems very arbitrary. Personally, I think "gambling" is the wrong word. It's high risk investing. When I put all my chips on "red", that's gambling. When I read about a startup, believe in their idea and see potential, yet am proven wrong, I made an investment mistake. It's not gambling unless one blindly invests without any research.