News for hackers. Stuff that matters.

A comment on "I'm Not Going to Have Blood on My Hands".

Re:"I'm Not Going to Have Blood on My Hands" by WalterBright on Saturday October 17, 2026 @07:45PM (#50136293)
For a long time I struggled to find a distinction between gambling and investing. And then I figured it out.

gambling - where the statistical odds are that you lose

investing - where the odds are you win

[ Parent | on HN ]
Re:"I'm Not Going to Have Blood on My Hands" by triceratops on Saturday October 17, 2026 @07:51PM (#50136326)
Gambling is always zero-sum. Investing is not.
[ Parent | on HN ]
Re:"I'm Not Going to Have Blood on My Hands" by WalterBright on Saturday October 17, 2026 @08:28PM (#50136624)
Not for the gambler, if a bookie/casino is involved.
[ Parent | on HN ]
Re:"I'm Not Going to Have Blood on My Hands" by triceratops on Saturday October 17, 2026 @08:32PM (#50136650)
That's still zero-sum. The casino or bookie lost money.

Casinos and bookies only stay in business because most gamblers lose. So even gamblers who win do so ultimately at the expense of gamblers who lose.

Successful investments are positive sum. They create new value.

[ Parent | on HN ]