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Comment by XorNot

Gambling is when the game is purely driven by luck.

Investing is when the instrument has measurable properties and explanations for why it will become more valuable - i.e. you invest in making your factory larger, so it can produce product more cheaply.

Betting on completely unregulated currency markets (which have good reasons that they shouldn't have any value at all) is gambling, because you're entirely depending on irrationality. That said...quite a few businesses with that model.

parent XorNot 12 years ago

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