Another good post. (We really are on a roll today.)
Agree 100% on 'numbers' (fixed, known probability outcome) stuff. Personally I can't even call them entertaining, so just don't participate.
In the stock market, probability-wise it is at least possible to pick 'value' (i.e. positive risk/reward), whatever the overall strategy. However, it is only with hindsight that one can determine whether one has actually picked 'value'. If over time you win, you have. If over time you lose, you haven't.
Irregardless, in the stock market, it IS there to be picked. In 'pre-calculable fixed probability' games it simply is NOT.
I can understand gambling (duration-wise) where it is at least possible to win. I cannot understand (duration-wise) gambling where it is impossible not to lose - unless of course, the amounts lost can be written off as entertainment.
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