Interesting statement, since "certified" investors invest money into startups which have a failure rate of 95%.
But these people are of course not "gambling", because they bet at 50 horses at once. And for all their experience, they continuously fail. It all seems very arbitrary.
Personally, I think "gambling" is the wrong word. It's high risk investing. When I put all my chips on "red", that's gambling. When I read about a startup, believe in their idea and see potential, yet am proven wrong, I made an investment mistake. It's not gambling unless one blindly invests without any research.
I've heard exactly this argument from every gambler who walked into a casino with a "system". You might come out better than someone blindly laying bets, but you are still very much gambling.
But these people are of course not "gambling", because they bet at 50 horses at once. And for all their experience, they continuously fail. It all seems very arbitrary.
Personally, I think "gambling" is the wrong word. It's high risk investing. When I put all my chips on "red", that's gambling. When I read about a startup, believe in their idea and see potential, yet am proven wrong, I made an investment mistake. It's not gambling unless one blindly invests without any research.