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What’s The Difference Between Gambling And Investing?

today29 May 2021

Background



In January 2021, a group of anonymous traders on Reddit took on a group of Wall Street hedge funds at a game of high-stakes betting in the stock market (re: GameStop saga). The popular narrative says the Reddit traders won.

However, there’s emerging evidence suggesting the GameStop saga wasn’t as clear cut as hedge funds vs retail traders. In fact, many large institutions made big money as well.

The Wall Street ‘bad guys’ lost billions of dollars. People around the world cheered that…

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Written by: Mr-stingy


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