is share trading gambling, page-45

it's just a matter of perspective...some stocks are calculated gambles but unlike a bad bet you usually don't lose the lot, at least not in an instant. And just like horses are unpredictable so too are markets, just take ex blue chip stocks AFG CNP BNB before the credit crunch. But either way you are calculating (even if intuitively) your odds and expected returns and if you think the risk outweighs the reward you punt/invest. There are probably certain horse races with greater certainty of outcome than say a wildcat oil well. So who is the gambler?

I don't agree with Duicorp that rich people have different psychology, there are plenty of risk averse millionaires. All money does is allow risk takers/entrepreneurs to make bigger bets and have a little less fear of a bad outcome.