This is kind of a crude definition. If you knew a certain slot machine in Vegas had a positive expected payout, sure, you'd be rich, but is it an investment? Al

This is kind of a crude definition. If you knew a certain slot machine in Vegas had a positive expected payout, sure, you'd be rich, but is it an investment? Also, there are plenty of people legitimately investing in companies that have less than even odds of a return. Investing to me is more about mindset and the manner in which you deploy capital for a return, and how much you are relying upon luck, guesswork, and chance.