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General Poker
Is poker "gambling"?
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[QUOTE="doops, post: 1631338, member: 59356"] Gee, I remember buying shares of stock in a company I liked. The value of the shares went up a little. then the value started plummeting. I didn't have stock certificates, but there was an electronic record of my owning it -- is the physical report that I own X number of shares of a stock concrete? Well, it does mean that my money -- real money -- was used and in exchange for my real money, I get a report that I am the owners of X shares of X stock. At the end, I still owned the shares of stock, but they had no value. The company went out of business. The money I risked on the stock and on the company and its future was gone. And I had a lot less fun in the interim than I do playing poker. I'd call that a gamble on whether the company in question would do well. It did not, although it was looking good for a bit. I could perhaps have sold my shares, but the price bottomed out so quickly that there was no selling. It was as if I had gone allin on my flopped straight and the river made the other guy's flush. Except that it's unclear if anyone profited in the stock mess. At least in poker, one guy always wins the hand. In stocks, sometimes everyone loses. I assume, Stu, that you expected some story like this. But, for me, stocks are far more of a gamble than poker. I've lost far more in the stock market than I ever will playing poker. It stopped feeling like "investing" long ago. [/QUOTE]
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