Good point, Tom. One of my biggest “gambling” mistakes was trusting you and buying into your Impact Theory Founders Key NFTs. You have since rug-pull millions from your followers and scrubbed all related NFT content from the internet.
Yes and no. With this ideology then anything in life is gambling. Companies create something or provide a service, they have a value. You can bet for example that the S&P500 is likely to rise, so will house prices, in the next 50 yrs for example, because they have an intrinsic value. It's abit simple to say it's all gambling, as if anything in life isn't gambling. Buying a house is gambling, having children is gambling. It's just risk vs reward.
You're 100% correct. An investment is speculation when you have very low certainty. Some investments give you high certainty, like Coca-Cola for example. Coca-Cola will still be around next year and likely in the next decade. As the facts change, your investment should change.
I'd say going into business is also gambling. Buying real estate, setting your alarm clock, etc, you're "betting" on an unknown outcome and working/hoping for a desired outcome.
When you place a bet in a casino, and if you lose, the money its' gone. When you place a bet on a stock and it loses value, then you have a chance of it going back up. You only lose if you sell.
@@orangemanonsteroids8569 Lottery? Have you ever heard him talking about how he built his brand? How he had to give away product just to be noticed and also focusing on influencers (That used to new. Now everyone does)
10 years experience here with investing. The only people that call investing gambling are the ones who actually dont fully comprehend how/why markets move.
@@Piotr-k9k 100% true. The fact is people don't value so they pick randomely companies, that is gambling for sure. When you understand a company is worth it's future cashflow and there are many companies with predictable cash flows it is easy. Just people like to complicate and then they blame the market
Life is a gamble. I'm in this field and all the regular people who are about to retire have 3 to 8 mil on average just for being average long term investors. So, can this change? Yes. But if we're going off current data then he is wrong.
In a Keynesian economy only fools think they know and why the market moves. When they monetary overlords meet at the FED and discuss policy behind close doors you have no idea what they’ve planned for the next year. CPI is completely fabricated and reflex’s nothing in reality and people have no idea If the things they’re investing in are going up in value due to demand or scarcity or if it’s going up in price due to monetary debasement.
Unfortunately a 401k is less gambling than leaving your money in a bank account that will be destroyed by inflation due to the dollar being taken off the gold standard. But hopefully we can move forward in a batter way. I have some ideas but I would like to hear your ideas and fixes Tom.
His business venture (especially a company that sells protein bars and stuff, completely saturated market) and be able to sell it for a huge profit has much more to do with gambling then investing. Having an exit like that is much more correlated to luck then proper investing in established businesses….
TO THE NARRATOR & PEOPLE BELOW. YES. LIFE ITSELF IS A GAMBLE. WE GAMBLE WHEN WE GO FOR A DRIVE. SOME DON'T COME HOME. NOW AS FOR INVESTING, IT'S NOT AS RISKY OR AS HARD AS HE MAKES IT SOUND.
To the people who say investing isn't gambling, go watch a show with gamblers talking about the lines, the spreads, points over/under for games. Then go watch a show with investors, talking about shorts, puts, options and the odds of stock values. It's the same effing thing. And the people even look the same.
What is technically speculation is what the average person calls 'investing' and it is gambling. It is basically placing bets on a specific outcome. Traditional investing is buying and holding; and purists also demanding being paid a dividend.
Investing is not gambling because gambling is a negative-sum game - the house always wins Investing is a positive-sum game on average because of value-creation and inflation
@@Aqwet93it is not, the sun send energy everyday, Warren may die soon so any sell for him does not matter but may make sense to buy for a guy in his 20s
@@Aqwet93 How is the market a zero sum game, when companies produce new value and make profits, while the GDP for each country is increasing faster than inflation? This means that new value is being added every year, which is being distributed to the shareholders. How is a zero sum game when the market is beating inflation by an average of 6% per year for the last 200 years?
@@lowroad4257 The issue is approximately every 80-120 years the Worlds' Reserve Currency changes. It has been over 60 years for the USA so far... how much longer do you think we have?
@nyhost101 then driving to work everyday is gambling. Opening up a business is gambling. How is investing in stocks any different? Obviously there is risk involved with everything.
@@Ryaninvest2 yea....ur not making oe losing money driving....your basically making an educated guess when youre not really educated on all the details...nor inside info...nor how the market will respond...nor how its competition or companies involved will do in the future....id say theres a lot of luck involved here accompanied with some hunches...
This guy is the most arrogant know it all that let money get to his head. He literally acts like he knows better than every one of the experts that he has on his shows. Specialists while he’s spread out thin over hundreds of topics
For all the people saying investing isn’t gambling don’t know a thing about money. Invest in stocks essentially is structured (or so they say) gambling. We were never meant to invest in the stock market to protect our capital but because of money printing aka fiat debasement inflation leaves you no choice. The continued inflation means things like houses and the S&P 500 when priced in dollars seem to go up forever but the system is rigged. Opt out buy bitcoin.
the same way, deciding to keep the bulk of your finances in dollars is also gambling because even if you arent doing it consciously, you are deciding to keep it that way even if inflation ends up making your purchasing power lower and lower.
It’s far from a casino, you can make plenty of educated choices in the market, some weeks you’ll be down..but you won’t wake up the next day with all your money gone.
@ one thing happened 100 Years ago and you think that’s equal to 10’s of thousands of people everyday leaving a casino after losing their paycheck. Wow, try harder. Work hard INVEST your money, it’s Not a casino.
Everything is “gambling” although I wouldn’t call it that. There are no certainties in life. If everything were certain everyone would be a millionaire very easily. Part of the appeal of life is overcoming challenges and come in on top and everyone can learn from their mistakes.
That's why I cashed out of my 401k and rolled it into a Roth. Now I don't pay anyone fees. I'm control of my own money. I've absolutely destroyed the returns that I had been making over 20 yrs and I understand what I'm investing in. Lesson? You spend your life earning money and only a few hours putting your entire financial future in the hands of someone else you likely never met. Do some research and handle at least some of your retirement on your own.
The markets are not a casino, if a company is doing well with its service/product, the it will lead investors to buy in. The casino does not work the same, casinos do well but players don’t, yet you still buy into it? These are false equivalents.
Not everybody knows how to invest. Anybody and I mean, anybody can gamble. This guy is another Mark Cuban and thinks he knows it all. He knows so much that he can change the definition and meaning of words.
Working for dollars is the worst gamble. Everything is gambling. I'm not liking this guy. Oversimplified explanation of life. Misleading at best. All these years learning and this is his thesis!!
Agreed. It's white male privilege and it seems like his opinions have never been checked. He lacks self-awareness and fails to understand systemic causes of poverty.
Its not gambling and allmarket moves are actually very easy to predict and now about ahead of time. Truly is funny. But it dies all appear to be random when it is far far from random. If course it uses simple patterns that alternate through difftphases i.e. waves and complexity is in knowing the phase of higher timeframes that influence the wave you want to trsde Patterns will play out but candles will be bigger or smaller complex nine candlrs or simple three or even single candle. This makes it appear random. But once you know you can figure out when the big market moves will happen and what direction it will happen. Lol
It was like a it was really a revelation So as a teenager, I started discovering This world and i really had an affinity for it. and then what really cemented my in health and the body was this
Investing is absolutely NOT gambling if you take a pragmatic, logical approach. Many, many people have exceptionally comfortable retirements due to their investments. Tom has it 100% wrong.
Hate this guy he is so arrogant and imagining this guy carry for your kids ugh horrible I mean look at his facial expressions even the interview with Michael Saylor is the same he is truly just for distancing yourself
from that accident it was really terrible. at thatyoung age that nothing is more Important thanheslth. and so I went on this quest this journey to try figure out
Disagree with this though it does make a good short. Long term investment in an ETF such as S&P500 has worked for decades and the odds that it will carry on working are much better than a gamble.
I bought into Tesla letting smarter people tan me work for me and make good things sustainable transport and energy storageworked very well for me so far.. Elon Musk please keep up the good work Johann
Clearly this guy is ignorant in investing. The difference between investing and gambling is that the longer you gamble the more lose money while the longer you invest, the more you make money. Use sp500 as a proxy for the stock market. Also, you’d lose a lot more if you stay in cash vs investing. It’s called opportunity cost.
If you're talking about investing in individual companies or companies not listed on a stock exchange sure. But investing in the S&p 500 is also investing and you don't need to know where things are going they're going to eventually go up.
Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Good point, Tom.
One of my biggest “gambling” mistakes was trusting you and buying into your Impact Theory Founders Key NFTs.
You have since rug-pull millions from your followers and scrubbed all related NFT content from the internet.
😂😂
what a fraud. he's just like the rest of them.
Yes and no. With this ideology then anything in life is gambling. Companies create something or provide a service, they have a value. You can bet for example that the S&P500 is likely to rise, so will house prices, in the next 50 yrs for example, because they have an intrinsic value. It's abit simple to say it's all gambling, as if anything in life isn't gambling. Buying a house is gambling, having children is gambling. It's just risk vs reward.
What are your thoughts on risk vs reward with morals/values applied?
@@tiffanyvalencia8415karma’s real. Stay away from alcohol, sigs so on.
Government will never stop printing so u gotta put ur money somewhere else. Well said.
You're 100% correct. An investment is speculation when you have very low certainty. Some investments give you high certainty, like Coca-Cola for example. Coca-Cola will still be around next year and likely in the next decade. As the facts change, your investment should change.
Your confused with S&P and Home growth with inflation bro.
I'd say going into business is also gambling. Buying real estate, setting your alarm clock, etc, you're "betting" on an unknown outcome and working/hoping for a desired outcome.
When you place a bet in a casino, and if you lose, the money its' gone. When you place a bet on a stock and it loses value, then you have a chance of it going back up. You only lose if you sell.
Not in the case of many a bankruptcy
Depending on what the bankruptcy judge wants to do oh Throckmorton
He sold Quest Nutrition for 1 billion... they make protein bars, powder, and other high protein foods....
So he hit the lottery. Good for him for millions of people they can't get an idea that will sell so well
@@orangemanonsteroids8569 Lottery? Have you ever heard him talking about how he built his brand? How he had to give away product just to be noticed and also focusing on influencers (That used to new. Now everyone does)
Is it true though? 1 billion sounds like a bit of a stretch.
@@orangemanonsteroids8569 $900,000,000 reportedly
Garbage
Starting his business was gambling then.
10 years experience here with investing.
The only people that call investing gambling are the ones who actually dont fully comprehend how/why markets move.
Are you 100% all companies you invest be alive in the next two years?
Even if you do it is still a gamble!
@@Piotr-k9k 100% true. The fact is people don't value so they pick randomely companies, that is gambling for sure.
When you understand a company is worth it's future cashflow and there are many companies with predictable cash flows it is easy. Just people like to complicate and then they blame the market
Life is a gamble.
I'm in this field and all the regular people who are about to retire have 3 to 8 mil on average just for being average long term investors. So, can this change? Yes. But if we're going off current data then he is wrong.
In a Keynesian economy only fools think they know and why the market moves. When they monetary overlords meet at the FED and discuss policy behind close doors you have no idea what they’ve planned for the next year. CPI is completely fabricated and reflex’s nothing in reality and people have no idea If the things they’re investing in are going up in value due to demand or scarcity or if it’s going up in price due to monetary debasement.
Unfortunately a 401k is less gambling than leaving your money in a bank account that will be destroyed by inflation due to the dollar being taken off the gold standard. But hopefully we can move forward in a batter way. I have some ideas but I would like to hear your ideas and fixes Tom.
His business venture (especially a company that sells protein bars and stuff, completely saturated market) and be able to sell it for a huge profit has much more to do with gambling then investing. Having an exit like that is much more correlated to luck then proper investing in established businesses….
It’s easy. Buy index funds / low cost ETFs… investing isn’t gambling. Speculation is gambling
Well, I'll call 6 or 7 rate risk quite a gambling.. on individual stock! But moving between 4/5 diversified index, definitely not! Just my opinion
Investing in an index fund is not gambling sorry. Buying individual stocks, maybe.
It's business. The majority of businesses fail. Most billionaires fail a lot before the get LUCKY. It's all the same beast.
TO THE NARRATOR & PEOPLE BELOW. YES.
LIFE ITSELF IS A GAMBLE. WE GAMBLE WHEN WE GO FOR A DRIVE. SOME DON'T COME HOME. NOW AS FOR INVESTING, IT'S NOT AS RISKY OR AS HARD AS HE MAKES IT SOUND.
To the people who say investing isn't gambling, go watch a show with gamblers talking about the lines, the spreads, points over/under for games. Then go watch a show with investors, talking about shorts, puts, options and the odds of stock values. It's the same effing thing. And the people even look the same.
This guy doesn't know the definition of gamble. When you invest, someone does not have to lose.
What is technically speculation is what the average person calls 'investing' and it is gambling. It is basically placing bets on a specific outcome. Traditional investing is buying and holding; and purists also demanding being paid a dividend.
Investing is not gambling because gambling is a negative-sum game - the house always wins
Investing is a positive-sum game on average because of value-creation and inflation
The market is a zero sum game, and worst odds in the casino
Casino gamble too 😅. Just better odds
Is positive sum game here in the room with us?
@@Aqwet93it is not, the sun send energy everyday, Warren may die soon so any sell for him does not matter but may make sense to buy for a guy in his 20s
@@Aqwet93 How is the market a zero sum game, when companies produce new value and make profits, while the GDP for each country is increasing faster than inflation? This means that new value is being added every year, which is being distributed to the shareholders. How is a zero sum game when the market is beating inflation by an average of 6% per year for the last 200 years?
This is incorrect! If you don't invest you will not own wealth.
Terrible take. If done correctly, investing is the opposite of gambling.
So is sports betting if you study the athletes.
@@Starioshka That doesn't change the fact that investing and gambling are very different endeavors and probability of winning is not compatible
@@yi1zhao It does though? Unless if by "investing" you mean buying books and a gym membership. Stock market "investing" is always gambling.
Casinos will kick you out if you are winning too much money.
I’m 63 I’m fine with money. I put 17% in 401k for 20 years. 1/3 fixed, 2/3 sp500 that simple.
Well done sir!
Missing bitcoin
Okay, now try to repeat this strategy when your country is no longer the world's reserve currency 😂
It is still the world’s reserve currency. What is the issue?
@@lowroad4257 The issue is approximately every 80-120 years the Worlds' Reserve Currency changes. It has been over 60 years for the USA so far... how much longer do you think we have?
As my boss use to say …. Opinions are like “ assholes “ - everyone has one 😆
…..and they all stink 😂
a billion dollars is CRAZY
Gambling is somthing different, who is this??
Investing is not gambling
It is.....its influenced luck
@nyhost101 then driving to work everyday is gambling. Opening up a business is gambling. How is investing in stocks any different? Obviously there is risk involved with everything.
@@Ryaninvest2 yea....ur not making oe losing money driving....your basically making an educated guess when youre not really educated on all the details...nor inside info...nor how the market will respond...nor how its competition or companies involved will do in the future....id say theres a lot of luck involved here accompanied with some hunches...
If you have inside knowledge it is not Gambling.
Casino has the house edge, with investing with the proper knowledge you have the house edge
This guy is the most arrogant know it all that let money get to his head. He literally acts like he knows better than every one of the experts that he has on his shows. Specialists while he’s spread out thin over hundreds of topics
For all the people saying investing isn’t gambling don’t know a thing about money. Invest in stocks essentially is structured (or so they say) gambling. We were never meant to invest in the stock market to protect our capital but because of money printing aka fiat debasement inflation leaves you no choice. The continued inflation means things like houses and the S&P 500 when priced in dollars seem to go up forever but the system is rigged. Opt out buy bitcoin.
I betting the system will print more money
That’s why you diversify 💹
By when
@noobSaybotK everyday
this freak accident I had when I was 19.and you mentioned you read my
book and in and there's an x-ray of the
hardware and I now have in my spine
Yes, Tom. There is a thing called "risk" and what you do is learn how to manage that risk. I just wanted to let you know that.
the same way, deciding to keep the bulk of your finances in dollars is also gambling because even if you arent doing it consciously, you are deciding to keep it that way even if inflation ends up making your purchasing power lower and lower.
No! That is not gambling. It is a certainty the dollar will tend to zero value over time. All fiat currencies go that way without exception.
@@David-135all currencies will including crypto.. because at the end even crypto is a form of commodity
It’s far from a casino, you can make plenty of educated choices in the market, some weeks you’ll be down..but you won’t wake up the next day with all your money gone.
The crash of 1929!
@ one thing happened 100
Years ago and you think that’s equal to 10’s of thousands of people everyday leaving a casino after losing their paycheck. Wow, try harder. Work hard INVEST your money, it’s Not a casino.
Warren Buffett is gambling ? 😂
Everything is “gambling” although I wouldn’t call it that. There are no certainties in life. If everything were certain everyone would be a millionaire very easily. Part of the appeal of life is overcoming challenges and come in on top and everyone can learn from their mistakes.
That's why I cashed out of my 401k and rolled it into a Roth. Now I don't pay anyone fees. I'm control of my own money. I've absolutely destroyed the returns that I had been making over 20 yrs and I understand what I'm investing in.
Lesson? You spend your life earning money and only a few hours putting your entire financial future in the hands of someone else you likely never met. Do some research and handle at least some of your retirement on your own.
The markets are not a casino, if a company is doing well with its service/product, the it will lead investors to buy in. The casino does not work the same, casinos do well but players don’t, yet you still buy into it? These are false equivalents.
Not everybody knows how to invest. Anybody and I mean, anybody can gamble. This guy is another Mark Cuban and thinks he knows it all. He knows so much that he can change the definition and meaning of words.
Warren Buffett is a very lucky gambler then
Working for dollars is the worst gamble. Everything is gambling. I'm not liking this guy. Oversimplified explanation of life. Misleading at best. All these years learning and this is his thesis!!
There's something profoundly teenage and douchy about his approach to life
True 😂
But he also sold his company for a billion dollars so guess he knows something
hes profoundly wrong on most of things discussed in that podcast/video.
@@welanduzfullo8496Any better recommendations?
Agreed. It's white male privilege and it seems like his opinions have never been checked. He lacks self-awareness and fails to understand systemic causes of poverty.
@@welanduzfullo8496he got lucky and that's why he's so insecure because he really doesn't get it
Its not gambling and allmarket moves are actually very easy to predict and now about ahead of time.
Truly is funny.
But it dies all appear to be random when it is far far from random.
If course it uses simple patterns that alternate through difftphases i.e. waves and complexity is in knowing the phase of higher timeframes that influence the wave you want to trsde
Patterns will play out but candles will be bigger or smaller complex nine candlrs or simple three or even single candle.
This makes it appear random.
But once you know you can figure out when the big market moves will happen and what direction it will happen.
Lol
It was like a it was really a revelation
So as a teenager, I started discovering
This world and i really had an affinity
for it. and then what really cemented
my in health and the body was this
How much money do you neeeeeeeeeed Tom billionair?
All of life is pretty much a gamble. Buy bonds or GICs if you prefer.
Not sure why it always hits me… but I can feel the fraud when I hear Tom speak…
given the option, I'd rather be good at making money than investing it
Hey Tom, is your house on fire, aren’t you in Los Angeles?
Every life, business enterprise, even nation is a daily gamble risk and surprise. Buy GICs and rest your mind.
Investing is absolutely NOT gambling if you take a pragmatic, logical approach. Many, many people have exceptionally comfortable retirements due to their investments.
Tom has it 100% wrong.
Not true. In gambling, the house always win. In the stock market, history tells you that the investor wins in the long run
Hate this guy he is so arrogant and imagining this guy carry for your kids ugh horrible I mean look at his facial expressions even the interview with Michael Saylor is the same he is truly just for distancing yourself
It's more controllable than casino gambling
Just ask AI if gambling and investing is the same thing.
I set the alarm to wake up tomorrow hopefully I will wake up tomorrow.
This guy is such a scammer
from that accident it was really terrible.
at thatyoung age that nothing is more
Important thanheslth. and so I went on
this quest this journey to try figure out
8 years experience here. Word!
It’s not gambling. It’s not a hand of cards or a roulette wheel or a slot machine.
Peter Lynch an Warren watching this 😂.
Disagree with this though it does make a good short.
Long term investment in an ETF such as S&P500 has worked for decades and the odds that it will carry on working are much better than a gamble.
Just buy the S&P 500. Absolutely nothing to think about.
Everything is a gamble in this unstable environment
Even GA consider investing gambling. He’s right. Most won’t admit it
Please explain who GA is as the reference flew over my head.
Which podcast is this?
What else can we do? have everyone start a business?
Can you teach me how to make money? I want to help people with natural ways to wellness and peace.
Taking risks = gambling
Incorrect.
Much nicer without cap😂
I bought into Tesla letting smarter people tan me work for me and make good things sustainable transport and energy storageworked very well for me so far.. Elon Musk please keep up the good work Johann
Wrong - Investing is not gambling.
Clearly this guy is ignorant in investing. The difference between investing and gambling is that the longer you gamble the more lose money while the longer you invest, the more you make money. Use sp500 as a proxy for the stock market. Also, you’d lose a lot more if you stay in cash vs investing. It’s called opportunity cost.
A billi how did he do it?
by gambling
If you're talking about investing in individual companies or companies not listed on a stock exchange sure.
But investing in the S&p 500 is also investing and you don't need to know where things are going they're going to eventually go up.
Not to be totally unprofessional but his ears are big * damn *
If you sold your company for $1 billion then why are you doing TH-cam? 😂
gambling is forbidden 🚫 for Muslims .. because for most people, it is wasting the money 💰 .. so there must be a better ways than this
Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Let's just put it this way: Trump would have been far better off had he invested his money in an index fund.
Everything is gambling 😅
Investing isn't gambling lol...
So wrong
Damn, those ears should come with a health warning! 😂😂
People who cannot create something of their own become investors.