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wasder & cobble…i assumed he wasn’t going to respond; at least not intelligently. Maybe he’s gone to Atlantic City
Madoffinbedstuy
BHO: I guess it depends on the risk you are taking in the end. How much can you afford to lose?
Generally speaking that is a good distinction DIBS. There are some long term gambling propositions I am sure, such as wagering on whether or not someone will win an election in a few years time or which team will win next year’s superbowl. But I agree that is a good general distinction between gambling and investing. The kinds of information one uses in both is similar though.
So no difference, cobblehiller?
Well, a card shark counting cards can do well at Black jack, and the avg. schmuck – me, can really fail miserably. And a person that does the right investigating and studies can do well in the market.
Not much difference, really. Investing is like some kind of a global collusion bet. You say this is worth x but really investing is less real that say playing cards. 4 Jacks beats 4 9’s.
They’re both bets. They can both be dangerous.
(Did anyone watch that new show Leverage last night?)
For one thing, gambling usually is an act that the payoff, or lack thereoff, is known within a very short time, usually hours, minutes or days. Investing, by definition and as opposed to speculating, is something done for the very long term. Buying a stock in the market and thinking its going up in a short period of time is not investing.
Now you enlighten us with your acumen, BHO.
Adam, sorry, I didn’t read your post (psst, I tend to skip over long posts).
But, you should be very proud of your mother, indeed. Give her a big hug and a kiss and tell her how proud you are….flowers are a nice gesture, also.
Tell her to make her dreams a reality!
Sounds like (from a limited sample) that nobody thinks there is much difference between investing and gambling BHO. What is your point?
I guess business is so good for mortgage brokers these days that they can leave at 2:25!!! 🙂
Thanks for the kind words Cobblehiller and DIBS. I’m very proud of her. It’s takes a lot to go back to school late in life. She’s thinking about grad school now. It would be the biggest kick in the ass to my father if she ends up making more money then him.
well, I’m out of here for the day.
Anyone see Bernie Madoff leaving the courthouse today?