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Showing posts from December, 2018

On… Gambling

Tell someone that you bought a property and he replies “It’s good that you’re investing and thinking about the future”. Tell someone that you bought some stocks and he replies “Why are you gambling with your hard earned money?”. Not always, but most of the time.       So why is buying property considered as investing; but buying stocks considered as gambling? I guess it depends on the definition of gambling. Ask ten different people and most probably you will get ten different answers. Personally, I think as long as your action has an uncertainty in its outcome, it should be somewhat considered gambling ( and its not only financial terms that we should consider ).   You drive your car to work. There’s always a probability that you end up in an accident. You’re gambling with your life. You start a business. There’s always a probability you go bankrupt. You’re gambling with your money. You take an airplane to travel for vacation. There’s always a pro...