4 ms·
"Finance and investing" are basically just gambling. You might as well bet on horses, dogs, cards, or crypto. Money is neither a thing nor a limited resource.
by TheOtherHobbes 4y ago
"Finance and investing" are basically just gambling. You might as well bet on horses, dogs, cards, or crypto.
Money is neither a thing nor a limited resource. Money is a political tool certain groups use to ration power and accountability. It used to be based on scarce objects, but now it's pure abstraction.
An important part of that is making sure insiders have special opportunities and backstops most of us don't. For the real insiders it's a rigged house. And for the most inside of the insiders it's impossible to lose more than token amounts.
You can be sure that whatever happens to banking, there will be people whose gambles will somehow miraculously be made whole while the rest of us are told "Oh dear, suddenly there is no money. Again."
- eaenki 4y agoGambling means you have guaranteed net negative return because you’re against the house and the rules of the house are designed in such a way, mathematically speaking. Trading mortgages, financing a building, betting that an airline will have a bad quarter after the first WW lockdowns of covid, can have a net positive return. you are playing player vs player and you bet and structure the trades trying to get the odds in your favor. they’re two different things, you just seem ignorant. not to mention other uses of finance such as edging. farmers, companies of sll kinds, even countries, want and should edge their wipe outs and black swan events type of risks for example. and a Citedel will happily underwrite your options.