Investing is not gambling from "summary" of The Intelligent Investor Rev Ed. by Benjamin Graham
Investing in stocks is often seen by many as a form of gambling. The stock market is regarded as a place where one can either make a fortune or lose everything in a heartbeat. This perception is not entirely unfounded, as the stock market is indeed a volatile and unpredictable place. However, there is a fundamental difference between investing and gambling that is often overlooked.
Gambling is essentially an activity based on chance. When you gamble, you are placing your money on an outcome that is uncertain and beyond your control. Whether you win or lose is purely a matter of luck. In contrast, investing is a rational and disciplined approach to wealth-building. When you invest in a stock, you are not simply betting on its price going up or down. Instead, you are buying a stake in a business, with the expectation that it will grow and generate profits over time.
In gambling, the odds are always stacked against you. The...
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