Why is investing not seen as the same way as it is gambling?
In: Economics
Gambling is an exercise of near-term risk with clearly defined terms wholly outside of your control, whereas investing is an exercise of longer-term risk with terms nearer to your control. An informed gambler isn’t usually all that much more successful than an uninformed one over the long term, but a well-informed investor is much more successful than an uninformed investor over over the long term.
Latest Answers