Short Seller Report, page-515

Ah, no.....not correct. There is a difference.

Risk calculation may be part of gambling (for some) but, for the most part, it relies on chance/luck. The probability of a particular outcome in a gamble is always the same - e.g. rolling 2 dice and getting a seven. You cannot change the probability of the outcome by any level of research. In this example, it will ALWAYS be 16.67% and therefore your confidence level can only be 16.67% no matter what is rolled beforehand or how much research you do.

Risk calculation removes much more of the element of chance that is present in gambling and relies more heavily on the research. The probability of a particular outcome is dependent on the information at hand and the level of research undertaken - e.g. having a higher level of understanding of how various types of DLE work and how that applies to a particular project. The more information at hand, the higher your confidence level.

I am not a gambler just because I'm an Investor. I use research and skill to improve my confidence level....and don't rely on luck to achieve the outcomes I'm looking for.

Luck had nothing to do with me investing in VUL from 29c.

If you choose to invest based on luck (seeing it as a gamble) then that's your own strategy.....and good luck with that!

gamble

/ˈɡamb(ə)l/

Learn to pronounce

verb

1. 1.

   play games of chance for money; bet.

   "hegambles onfootball"

   
   

   Similar:

   bet

   
   

   
   

   wager

   
   

   
   

   place a bet

   
   

   lay a bet

   
   

   stake money on something

   
   

   back the horses

   
   

   try one's luck on the horses

   
   

   play the ponies

   
   

   punt

   
   

   
   

   chance one's arm

   
   

   
   

   have a flutter

   
   

   game

   
   

   • 
     

     
     
2. 2.

   take risky action in the hope of a desired result.

   "he wasgambling onthe success of his satellite TV channel"

calculated risk
“Calculated risk-taking is operationally defined asthe ability to deal with incomplete information and act on a risky option, that requires skill, to actualize challenging but realistic goals.”