Are we all just gambling?

[Mr.J-Arthur]

Any time you risk money or property for gain, it's speculation or in other words, gambling.

Starting a restaurant is a gamble. Investing is a gamble. playing poker is a gamble. Trading is a gamble. Buying property in EXPECTATION of values going up is a gamble. Just about everything in life has an aspect of gambling (or probability).

It doesn't matter if you win 100% of the time, it's still an exchange of risk for a payout.

Also, some of the best traders I met are awesome poker players.

 

[George Soreass]

there are huge huge HUGE parallels between trading and poker! ...

 

[Technically Fundamental]

Apart from the fact that in poker your money goes in before you see the flop and with cards there outcome is random. Personally I don't see many parallels between prop trading and poker outside of the idea of the pot and some of the psychology inc. money management due to external macroeconomic and fundamental factors.

Anyone got any examples of parallels that I'm missing? I'm always willing to learn.