From the laymans point of view the bankers and investors or whoever is involved with using money to try and make money. They are gamblers.
Just because they have a few degrees and are 'regulated' by some shady governance doesn't make them any less so.
It can be dressed up however you want but they spunk money up the wall and are therefore gamblers.
I go and play poker in my local pub. Yes I have a better understanding of the odds and statistics than my fellow gamblers and I may play a game that utilises this knowledge better than others but at the end of the day it still comes down to luck. If you cannot predict the outcome of an event with absolute certainty then you are relying on luck and are therefore gambling
From the laymans point of view the bankers and investors or whoever is involved with using money to try and make money. They are gamblers.
Just because they have a few degrees and are 'regulated' by some shady governance doesn't make them any less so.
It can be dressed up however you want but they spunk money up the wall and are therefore gamblers.
I go and play poker in my local pub. Yes I have a better understanding of the odds and statistics than my fellow gamblers and I may play a game that utilises this knowledge better than others but at the end of the day it still comes down to luck. If you cannot predict the outcome of an event with absolute certainty then you are relying on luck and are therefore gambling