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by eatsyourtacos
1552 days ago
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>Investing is understanding a business and industry and forecasting when there's a margin of safety of that companies future growth, relative to it's current trading price and reported financials/leadership/company earnings communications/all That's giving me the biggest eyeroll ever. You can throw all the academic wording out there you want. I've been through all that, I know precisely what you mean. And it's nearly all bs. >Long term investing is not meant to be gambling, and that's the entire point of our platform, to educate people/having them think that stocks aren't just lottery tickets you buy when someone at the bar says "it's going to the moon" Fair enough. However, yes, it is gambling. You don't control anything about the company you are 'investing' in. You can do all the research you want, you can think you know whatever. But you have no control over idiosyncratic events. Also, why are you even suggesting people 'invest'? Just so they can "make more money" by putting money into something they can never fully understand or have control over? I probably wasn't clear the first time around- and that was kind of intentional. Yes I am completely against the world of "investing" because it's just people trying to make money. That's literally it. So let's call it what it is- gambling- and stop pretending like investing is a "good thing". |
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