Quote:
Originally Posted by Jeff P
That raises a really interesting fundamental question... at least a question that's really interesting to me:
What's the difference between an "investment" and a "bet?"
(Is there really a difference?)
-jp
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To me an investment is something that already has value or worth, and you invest in it either to hold or hopefully increase in value. Rarely would the investment lose all its value. I suppose their are exceptions to this, like investing in new businesses.
A bet to me is usually an all or nothing proposition. A bet to me is also something that can lose all its value in an extremely short time period (as compared to my exception above, which would take months or years likely to lose).
I'd sure never call gambling in Vegas or on the ponies "investing."