The stock market is only gambling for those who choose to gamble.

Some people make money. Some people lose money. Prudent investors can make money no matter what the economic environment. [Yes, some of us even made a modest return last year.]

Casinos have table limits specifically to prevent someone from “doubling down” until they finally win. Of course, if they accepted such a bet, they would require the gambler to put up the money in advance.

Poker is a game of skill. The more skillful player will always win. It is only gambling for those of absolutely equal skill.

Flipping a coin is gambling.

Casino games are NOT gambling. The odds on each and every game are vastly in favor of the house, and the house will always win. Those who play these games are not gambling. They are throwing money away in return for the excitement of watching dice bounce, wheels spin, lights flash, and scantily-dressed cocktail waitresses. Oh, and not to forget those “free” drinks that one gets in return for losing a few hundred dollars.

- Ivan Negodki

Related Posts:

• It is NOT the job of the government to prop up the stock market.
• A Rocky Future For Our Baby Boomers It Would Seem
• OK, let me throw my hat into the ring…
• My competitors in Asia keep REDUCING their prices under pressure from arrogant “sourcing” managers here in the USA.
• Let’s try to put things in perspective here, using the NASDAQ as an example:

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