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I know plenty of people who used and continue to use stocks in the exact same way, particularly on apps like Robinhood.
by yellowapple 4y ago
I know plenty of people who used and continue to use stocks in the exact same way, particularly on apps like Robinhood.
- spacebanana7 4y agoI think it’s fair to call that behaviour gambling too. Options and derivatives that create or extract artificial volatility out of economic prices are gambling tools in the hands of most consumers. The underlying source of randomness for a gambling instrument doesn’t really matter as long as it’s statistically well behaved. The physical uncertainty of a roulette wheel, the economic uncertainty of the business cycle and the athletic uncertainty of a sports match all do the job.