Tag Archive: Gambling and Speculation

Ask a stock market trader if he's just gambling and we're sure you'd receive a rude answer. So when comparing a casino gambler with a stock market speculator we have to ignore the results. We should look at their methodology. With the gambler, there are no hard facts, just luck and a "feeling". For the speculator, things are a lot different. For a start that's not his money to burn, but rather belongs to his clients. If he lost it all through rash buying, then he would be quickly out of a job.