Is trading Gambling or not .."What say You" Vote here.
- Thread starter ElectricSavant
- Start date
Well then, if you qualify for bail-outs, that's not gambling.
Risk-free gambling, gimme a few billion of that.
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/03/AR2009010300040.html
"Peterson pointed to a famous study in Taiwan showing that gamblers chose a strategy paying them repeated small amounts even if at some point they had to take a huge loss. In more than 200 trials, the gamblers were given different decks to select cards from. In one deck, on average four of the five cards produced small gains, while the fifth card wiped out the wins and led them down a money losing path. The other decks of cards produced, on average, four small losses and one big win, which netted out to overall gains. The researchers were stunned when, given a choice, gamblers continued to want to pull cards from the small-gain deck. "
"We like these consistent gains," Peterson said. "You can't underestimate their power."
"Peterson pointed to a famous study in Taiwan showing that gamblers chose a strategy paying them repeated small amounts even if at some point they had to take a huge loss. In more than 200 trials, the gamblers were given different decks to select cards from. In one deck, on average four of the five cards produced small gains, while the fifth card wiped out the wins and led them down a money losing path. The other decks of cards produced, on average, four small losses and one big win, which netted out to overall gains. The researchers were stunned when, given a choice, gamblers continued to want to pull cards from the small-gain deck. "
"We like these consistent gains," Peterson said. "You can't underestimate their power."
Trading is gambling.
It is a perverse form of gambling, gambling on life, or some demented version of life in which the bets are on how much the corporations (non-humans) can take off of the humans(consumers) this quarter, or .
It can be strictly managed gambling or reckless gambling.
It is a perverse form of gambling, gambling on life, or some demented version of life in which the bets are on how much the corporations (non-humans) can take off of the humans(consumers) this quarter, or .
It can be strictly managed gambling or reckless gambling.
Is trading Gambling or not? It all depends on the number of PhDs!
http://en.wikipedia.org/wiki/Renaissance_Technologies
"About a third of the more than 200 employees at the East Setauket office have Ph.Ds."
http://en.wikipedia.org/wiki/Renaissance_Technologies
"About a third of the more than 200 employees at the East Setauket office have Ph.Ds."
Any idea why are you projecting your own shortcomings and seeking validation to your beliefs that trading is gambling?
Cheers,
Max
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No;
but some use the word ''gambling'' simply to mean excessive risk,
not a real wise idea[ excesssive risk].
Even though the youngest, they are the more likely to sneer @the idea of any danger in risk. But there is a reason why many teens pay a [risk premium on thier auto insurance/die young
] Wisdom is profitable to direct.
He Lives !
I will hang up the phone and let you respond.
ElectricSavant Out
I will hang up the phone and let you respond.
ElectricSavant Out
Well Said...but could this be calculated?
ES
ES