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by exabrial 36 days ago
I've never understood this comparison. To me it's simple: Investments actually produce net gain in the economy. Some people use the NYSE _like_ gambling, but the key difference is value is created.

Investing takes x capital, put it into a machine, and x + (yield * x) comes out. In gambling, x is put in, x always comes out, but on the way out x is simply distributed among a different population.

Investing literally creates net value (or loss, technically) that didn't exist before. Gambling cannot do either: x is always constant, however x is divided up differently.

There's many videos about this: https://www.youtube.com/watch?v=HnRslDPlkg4