> regular purchases of broad market index funds remain a sensible way to build long-term wealth. But it's important to understand that even this strategy is fundamentally speculative, betting that the overall market will continue to rise over time based on historical patterns.
Without a reasonable expectation of growth, the concept of investment in someone else's business would never have been conceived.
Gambling exists though and from a raw numbers POV you have a net expectation of losing money doing it. I'd expect investment to be at least as irrational in some cases so I don't think a reasonable expectation of growth is necessary. See for example investment into the 'metaverse' and VR.
Agreed, but it's hard to have honesty when there's an incentive towards saying "I'm an investor" as a way to exaggerate one's role.
Most of the time I can imagine "speculator" seeming grander is when it's such a speculative/chaotic market that it seems preferable to present as cunning and connected, as opposed to careful or knowledgeable.
> regular purchases of broad market index funds remain a sensible way to build long-term wealth. But it's important to understand that even this strategy is fundamentally speculative, betting that the overall market will continue to rise over time based on historical patterns.
Without a reasonable expectation of growth, the concept of investment in someone else's business would never have been conceived.
Gambling exists though and from a raw numbers POV you have a net expectation of losing money doing it. I'd expect investment to be at least as irrational in some cases so I don't think a reasonable expectation of growth is necessary. See for example investment into the 'metaverse' and VR.
Agreed, but it's hard to have honesty when there's an incentive towards saying "I'm an investor" as a way to exaggerate one's role.
Most of the time I can imagine "speculator" seeming grander is when it's such a speculative/chaotic market that it seems preferable to present as cunning and connected, as opposed to careful or knowledgeable.
They misspelt gambling
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