Comment on The Stock Market is Just Financial Fantasy Sports
SaveTheTuaHawk@lemmy.ca 3 weeks agoNo, casinos state the odds on every game and tell you if you play long enough, you will lose everything. The stock market actually calls itself a free market, which is hilarious.
MangoCats@feddit.it 3 weeks ago
Well, of course, it’s different than a Casino. It’s bigger. It’s a longer running game. But it still pushes those “get rich quick” addiction buttons. You’re right, there are addiction awareness resources built up around traditional gambling channels, disclosure that “the house always wins.” In a sense, the stock markets are a long enough, slow enough running game that many players do actually die before the longer running Ponzi schemes collapse - so maybe the lack of addiction support groups is a little big justified there.
There’s also an unclear distinction drawn between “day traders” and “long term investors” which is so fuzzy as to be meaningless anywhere near the boundary, if there even is a boundary. How can you tell if your mutual fund is day trading?