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Joined 11 months ago
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Cake day: August 5th, 2023

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  • That’s what I mean by using different definitions.
    I don’t use the terms gamble or investment exclusively as an evaluation or indication of risk; More as a term of intent.

    While I might not call a four week t-bill a gamble, I certainly wouldn’t call it an investment at all.
    I’d be more inclined to call a savings account an investment; as a savings account can be used for more long term financial planing of one’s future.


  • Yes. I’d call that an investment in crypto. A risky investment is still an investment.

    Maybe we just define the terms invest and gamble differently.

    I would say investment is giving your money / time / energy into something with the expectation / belief / hope that eventually in the long run, that thing will become what you want.

    Gambling on the other hand, is putting money / time / energy into something with the expectation / belief / hope that it will eminently get you something you want.

    Either could be high or low risk. They may not pay money out at all.
    You make an investment in teaching your kids to drive, so they will be more independent and capable in the future.
    You make a gamble on teaching your kids to drive, that they won’t get them selves into a wreck tomorrow.

    Gamble = Short term
    Investment = Long term






  • It really kinda does.
    At least as close as anything can be guaranteed in this world.
    Buying into a broad market index fund (S&P500 or wider) and staying in for decades, will absolutely grow in value faster than inflation.

    The key here is time.
    Anything can go up or down on a daily, monthly, or even yearly basis; The longer your time horizon is, the more all that volatility gets evened out into a steady gentle climb upward. So much so that if you pick any 25 year period over the last 200 years, you won’t find a single instance where the total value of all traded stocks was worth less at the end than at the start.

    Because when you’re investing in the whole market, you’re investing in the whole society itself. And society is always doing everything it can to grow, produce, and consume more. That’s what humans do. Random forces may slow or stop that, for a time; But as long a humanity exists, it will still be true.





  • That’s the thinking the article is arguing against.

    But I do have an example.
    High end polycarbonate prescription lenses for glasses.
    The high index, thinnest, lightest lenses, are plastic. Not glass.

    Edit: Thinking more, I wonder how much more expensive it would be to use the same polycarbonate material on phones.
    It would certainly be stronger and less prone to breaking. With good coatings, it would be just as scratch resistant.
    It would offer the same premium look and similar feel as glass. Just lighter.