Programming Sucks Composed on the 27th of April in the yearat Every friend I have with a job that involves picking up something heavier than a laptop more than twice a week eventually finds a way to slip something like this into conversation: I just worked a hour week digging a tunnel under Mordor with a screwdriver. But, for the sake of the argument, can we agree that stress and insanity are bad things?
What is the Difference Between Gambling and Investing? And perhaps the same is true of stock exchanges.
Today during an otherwise terrible lecture on ADHD I realized something important we get sort of backwards. There’s this stereotype that the Left believes that human characteristics are socially determined, and therefore mutable. Non-profit Organizations Essay - Most non-profit organizations’ purpose is to improve the local community and society. The purpose of a small business is . of Not-for-Profit Organizations: Generally, financial management of not-for-profit organizations is similar to the process of financial management in the profit making sector in several aspects. Nonetheless, there are several major differences that contribute to a different focus of a not-for-profit financial manager.
In order to differentiate between the two, we should start by defining them. Comparisons are often made between the two activities, but I've never seen the terms explicitly defined.
If you're sufficiently motivated, I encourage you to try to define the terms 'gambling' and 'investing' before you continue reading this essay Go ahead, I'll wait here for you.
What definitions did you come up with? Are investing and gambling mutually exclusive, or is there an area of overlap?
And are the boundaries clearly delineated, or is there a gray area in the middle? Let's see what the dictionary says. Here's what the Random House dictionary on my bookshelf says: To stake or risk money, or anything of value, on the outcome of something involving chance.
The definition for gambling could apply just as well to investing, and vice-versa. To take a risk in the hope of gaining an advantage or a benefit. In investing, are you not betting on an uncertain outcome? Are you not taking a risk in the hope of gaining an advantage or benefit?
In gambling, are you not committing money? Are you not doing it in order to gain a financial return? Beyond the Dictionary OK, so the dictionary definitions aren't very useful. Perhaps if we examine some of the ways in which gambling and investing are generally perceived to differ, we might be able to build definitions from those characteristics.
Investing is a good thing, gambling is a bad thing. I think it would be hard to argue with the claim that investing is, on the balance, a good thing. Investing is widely regarded as the engine that drives capitalism. It tends to put money in the hands of those with the most promising and productive uses for it, and drives the economy gradually upward.
Investors aren't merely betting on which companies will succeed, they're providing the capital those companies need to accomplish their goals. Similarly, you can change the world in a small way by investing in companies you believe in, such as socially or environmentally conscious firms and mutual funds, or biotech companies that are working on diseases that might affect you or someone close to you.
Gambling, on the other hand, is not so clearly making a positive contribution. Gambling does tend to help local economies, but also usually brings with it well-documented unpleasant side effects.
I'll leave it up to the reader to decide whether gambling is, on the balance, a plus or a minus. Looking to the financial markets, one could make the case that people who gamble in this realm do serve a function, by adding to the market's depth, liquidity, transparency, and efficiency.
But that's of relatively minor value, and those gamblers probably capture most of that value for themselves. On the other hand, they often increase the volatility of the markets, which is on the balance usually a negative although it does afford savvy investors opportunities for larger profits.
As Warren Buffett has said, "Wall Street likes to characterize the proliferation of frenzied financial games as a sophisticated, prosocial activity, facilitating the fine-tuning of a complex economy. But the truth is otherwise: Short-term transactions frequently act as an invisible foot, kicking society in the shins.
Governments generally frown on gambling unless, of course, they're getting the lion's share of the profits, such as with state lotteries. Many religions frown on gambling but they don't seem to mind church bingo.
I should hasten to add that not all types of investing are productive.
Buying and holding results in a positive contribution to the economy, but buying and selling quickly, the way day traders do, results in no net contribution. For the purposes of the current investigation, we could either reclassify investing-type activities that aren't productive as gambling, or we could consider these to be exceptions to the rule.
I lean toward the latter interpretation. In investing, the odds are in your favor; in gambling, the odds are against you. Peter Lynch has said that "An investment is simply a gamble in which you've managed to tilt the odds in your favor.
There are plenty of investments where the odds are against you: Similarly, while for most types of gambling the odds are against you, it is possible for the odds to be in your favor.As a member, you'll also get unlimited access to over 75, lessons in math, English, science, history, and more.
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We make security trade-offs, large and small, every day. We make them when we decide to lock our doors in the morning, when we choose our driving route, and when we decide whether we're. Essay on A Comparison of Shopping Online vs. Shopping in a Store - When comparing two different ways of shopping most people do not even think about, they do both and not even realize it.
L. Ron Hubbard (from Wikipedia) Lafayette Ronald Hubbard (March 13, - January 24, ), better known as L. Ron Hubbard, was a prolific American author and founder of Dianetics and the controversial Church of Scientology.
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Position Paper No. 1 (July, ) “Then too, because of the intrusion of the federal and state governments into the sphere of church incorporation, some are advocating disincorporation by churches.
By George Lakoff Donald Trump is winning Republican presidential primaries at such a great rate that he seems likely to become the next Republican presidential nominee and perhaps the next metin2sell.comats have little understanding of why he is winning — and winning handily, and even many Republicans don’t see him as a Republican and are trying to stop him, but don’t know how.