No relation to the sports channel.

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Joined 3 years ago
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Cake day: June 9th, 2023

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  • In gambling, the house always wins, by extracting value from the players. In stock trading, the players (capitalists) collectively always win, by extracting value from labor, technological growth, and natural resources. These are not the same picture.

    Sure, you can take on as much risk as you like using derivatives, and emulate a gambler using the stock market as a source of randomness (volatility). But that’s not how most traders behave, and it’s not how most traders’ payoffs work.