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33 sats \ 2 replies \ @SimpleStacker 16 Oct \ on: Financial Markets <3 Gambling (Bloomberg Money Stuff, Matt Levine) econ
I do love asking people, "What's the difference between investing in the stock market and gambling?"
Really gets them to think, but the answer is quite simple haha
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30 sats \ 1 reply \ @denlillaapan OP 16 Oct
what's you obvious/go-to answer?
Mine would be about zero-sum vs non-zero sum (gambling redistributive; investing regenerative/productive)
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0 sats \ 0 replies \ @SimpleStacker 16 Oct
yeah pretty much, but I say it even more simply: "The stock market has a positive expected return" haha
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