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I don't think OP was saying it is, exactly. They seemed to me to say that betting and crypto are gambling, and that picking individual stocks is kinda close.
by dmoy 3y ago
I don't think OP was saying it is, exactly. They seemed to me to say that betting and crypto are gambling, and that picking individual stocks is kinda close.
Which isn't exactly wrong - if you're a retail investor who isn't using satellite footage of parking lots, picking individual stocks is closer to gambling.
Investing in the aggregate is less gambling.
- margalabargala 3y agoAn even more apt analogy, is that investing in individual stocks, is akin to sports betting in a lot of ways. Investing in the stock market as a whole is just betting the game will be played.