I just had a “healthy” discussion with a co-worker about what “is” and “is not” considered gambling. I was labeling a number of things gambling that my co-worker disagreed with me on.
First, read the definition of gambling. I like the 2nd definition Webster gives, “To take a risk in the hope of gaining an advantage or a benefit.” With that definition I was labeling investing in the stock market as gambling.
I really don’t see how you can’t label investing in the stock market as gambling. The whole point of the stock market is buying a stock low and selling it high. And taking that statement and matching it with the definition I gave for gambling and I think you HAVE to call it gambling. You take a risk when you buy a stock with the hope that you make a profit by selling the stock for more then you paid for it.
Anyhow, it made for a fun discussion.