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You missed out leverage in terms of shitting in the pond.
The recent fiscal event in the UK exposed how poorly a regulated pensions industry hedged financial risk.
hurricane_run-
We probably don't disagree about what gambling is but there are ways to distinguish it from investment. I accept that the term has been diluted in general use though. Foolishly I set out to simplify the terms.
You invest in something to profit from affecting an outcome.
You bet on something to profit from predicting the outcome.
Airhead
I had an idea that derivatives would come along to muddy the waters.
There are arguments to be made about the second hand market enabling the primary investment but I like my purist intent. I don't like derivatives in general though and they fall into my widening the definition of investment clause.