A discussion with Miss Prawn last night over dinner bought up an interesting topic. She seems to have the opinion that investing and/or trading is pretty much gambling. After much discussion and many points raised I have to say she does have a fair argument.
The following are points I have raised followed by her responses:
1. She will concede that it is not the same as fixed odds gambling such as roulette, but she likens it more to Poker or betting on horses.
This was the only concession I could get out of her
2. Me: "Investing is making an informed educated decision in which you lower your odds of losing"
Her:3. You can walk away from the share market with you profits/losses at any time, not just when a race is over.Poker players fold hands or only play strong hands. People how follow horses thoroughly can look at previous record/track conditions etc
Same with poker
Any other ideas/discussion out there? Or are we all just gamblers in disguise?