green wrote:
isn't commerce a form of gambling?... the only difference is that a win-win scenario is possible.
NO,
In fishing you don't know the size of the fish you will catch.
You don't know if you will catch a fish.
You don't know if the fish is going to steal your bait.
There are no laws if the fish does steal your bait.
All men are created equal... Men and fish are not equal.
Fishing is like gambling. Except that if you fish enough you will likely catch fish...Maybe too much fish and you have to throw some back.
BTW...Fishing limits are good laws.....Otherwise..."The Tragedy of the Commons" occurs.
Typically you know the product you are going to buy unless you are misinformed.
If the guy steal your money and gives you no product....There is law. I have been ripped off.....It only happens once from any given merchant.
Maybe with the people that you buy from, commerce is gambling....Not the people that I deal with.
I buy stuff from B&H..TO me that is not a gamble.
I buy from Walmart...To me that is not a gamble.
I buy from my local Grocery store that is not gambling.
I trade stocks for a living....That is almost gambling...Except The house is not setup to beat me.....if I do my due diligence. My business model allows me to take losses. My wins out pace my losses consistently.
Being an Entrepreneur is a risk and is a gamble for many.
Society is setup for all sorts of people....Naturally.
Those who take risk can be rewarded and penalized based on their ideas and their execution.
You can go safe and get a job.
I tend to be a risk taker. I have been rewarded for consistently taking risk.
I don't go to the casino. All systems in a casino favor the house. The house always wins in the long run. Even if you win they always win at the end of the day.
One note about trading stocks.
Stock trading is not a zero sum game. The house is slightly set up against you...Because.
There is a commission in the trade. Therefor my gain does not directly equate to someone else's loss.
Fidelity has $4.95 commission on trades. SO if I buy 2000 shares on a $50 stock... That is a very very low commission rate compared to a move in a stock.
I can hold 2000 shares of a stock for 30 seconds. It goes up 5 cents and I make $90.10. That's the game I play all day.
The stock market is perfect over time. Over a very short time the market is imperfect and you can take advantage of small moves based on volume.
That's what professional traders do. Unfortunately most people loose....The reason is... the psychological need to be right.... the inability to take a loss.
There are as many Professional traders in the U.S. as there are Professional athletes. The best ones make as much as Peyton Manning(What he used to make)
Then you have your Line Backers that make little compared to the best.....
I would not advise anyone to trade stocks that has a psychological need to be right. Your enemy is not the guy on the other side of the trade(Wall Street)...The enemy is yourself...