4 ms·

Then replace insider dealing by day traders. Same point. You can even argue that of most food.

• vkou 3y ago
  Financial markets for their participants are at worst, a zero-sum game, and at best, a positive sum game. (Blah, blah, efficient allocation of capital, blah, blah, hedging, blah, blah, futures, blah, blah, interest rate swaps, and so on and so forth - they all serve a useful purpose. [1]) Gambling is a negative-sum game. We don't need more negative-sum games. --- [1] You can argue over whether those industries are too big, have too much fraud in them, etc, but it's completely disingenuous to say that the stock market's the same thing as betting on whether the quarterback of the Maple Leafs is going to stop three goals this week.
  • filoleg 3y ago
    > Gambling is a negative-sum game Depends on what kind of gambling we are talking about. Sports betting is pretty much zero sum.
    • deleted 3y ago
      [deleted]