[chii]

> Even the bank and pensions gamble with your money, its how they move. I wish it wasn't the case either

banks don't gamble with your deposit - that's illegal. They use your deposit as a form of security when they loan money out (it takes similar position as equity).

Pensions don't gamble, they buy investments which could have some risks (and it's calculated risks). These risks are such that they make a reasonable return for taking it, and therefore can service their obligations (as a pension fund).

[recursive]

So if the risk is calculated, it's not gambling? Lottery tickets publish their odds. And in that case, it's actually possible to be confident that the odds are correct. I don't understand.

[chii]

> Lottery tickets publish their odds.

"taking calculated risk" doesn't mean to calculate the risk. It means to look at whether the risk is worth taking, and only taking those that are worth.

Lottery is a bad risk - so it would be not wise to take lottery risk (as it's got a negative expectation of return).