Recent Comments

Re: “Into the Pit

DDG, you are incorrect when you say "Trading is gambling. Nothing more nothing less."

In gambling, a risk is created where there was none before, only for the purpose of wagering. In trading, the risk already exists, and is transfered by someone in a legitimate business, seeking to reduce their risk, to someone else who is willing to take that risk for them. By your logic, the insurance business is gambling.

2 likes, 0 dislikes
Posted by Wise Guy on 01/20/2010 at 5:04 PM

Favorite Places

  • None.
Find places »

Saved Events

  • Nada.
Find events »

Saved Stories

  • Nope.
Find stories »

Custom Lists

  • Zip.