Norbertrojsza says
15 years ago
BUYING STOCK IS NOT GAMBLING!!!!
latest #39
Norbertrojsza says
15 years ago
any takers??
low
15 years ago
i don't think that anyone said that 'buying stock is gambling.' we were only discussing the extent to which buying stock is a gamble
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low
15 years ago
there is a danger in shifting perspective to overgeneralize and go too far in another direction - but that is a risk I think worth taking
Norbertrojsza says
15 years ago
please elaborate
Norbertrojsza says
15 years ago
even so i would disagree that buying stock is a gamble
low
15 years ago
please elaborate
Norbertrojsza says
15 years ago
because a gamble involves chance dictionary.reference.com...
Norbertrojsza says
15 years ago
the stock market is a game of luck
Norbertrojsza says
15 years ago
another defence not relying on wordplay is that in a gamble you purchase a stake in a one time game
low
15 years ago
'stock market as a game of luck' seems to undermine your argument
low
15 years ago
now if you said that the stock market was based on the values of commodities and goods exchanged on an open market...
low
15 years ago
whereas gambling is about the bounce of a ball, shuffle of cards, or the toss of dice... then I could see your argument
low
15 years ago
but still, I can wager for the steelers just like I can wager on the price of steel. what are your thoughts on currency speculation?
Norbertrojsza says
15 years ago
there is still value in near absolute devaluated currency
Norbertrojsza says
15 years ago
it is no more a gamble than steel is
Norbertrojsza says
15 years ago
the steelers is s gamble the game is constructed to reward the participant based on the outcome of the game
Norbertrojsza says
15 years ago
the construction of the game or rather the reward structure for the game is what sets a gamble apart from an investment
low
15 years ago
https://images.plurk.com/3358143_8cc1ddcc896a7628831d9dd224897d91.jpg
Norbertrojsza says
15 years ago
poor investments are not the same thing as a one time gain or loss
Norbertrojsza says
15 years ago
i like that
low
15 years ago
but in either case you are staking money on your ability to predict the future
Norbertrojsza says
15 years ago
but the absolue loss distinguishes itself from the 50% loss
Norbertrojsza says
15 years ago
you can hold on to something that has lost 1/2 its value
Norbertrojsza says
15 years ago
perhaps in hopes that the other half returns
Norbertrojsza says
15 years ago
you cannot recoup your lost 10 on the one armed bandit
Norbertrojsza says
15 years ago
staking money on your attempt to predict the future not ability
low has
15 years ago
predictive abilities.
Norbertrojsza says
15 years ago
you should pay yourself first
Norbertrojsza says
15 years ago
thats what the automatic investment people say
Norbertrojsza says
15 years ago
low, does anything concern you aobut the future?
Norbertrojsza says
15 years ago
or rather cody (Coedy, Kodie, Koddy???)
Norbertrojsza says
15 years ago
do you ever worry that you will not be able to keep your position on issues?
Norbertrojsza says
15 years ago
for example being sponcered by nike and winchester to go to university because you ran out of money
Norbertrojsza says
15 years ago
do things like that concern you? or are you convinced that you will not sell yourself to do the things you want to do?
low
15 years ago
this reply brought to you by plurk (dance)
Norbertrojsza says
15 years ago
:-)
Norbertrojsza says
15 years ago
so then you are not sympathetic to the poor? because they too can choose?
low
15 years ago
https://images.plurk.com/3358143_8e91a6c739cb9a1dce73d7346ed3ae43.jpg
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