The Gambler Hopes. The Investor Owns.
Jul 6
1 min read
We've made gambling look like investing and investing look like gambling.
I appreciate Liz Ann Sonders of Charles Schwab continuing to raise awareness around this topic.
One line from her recent article sums it up perfectly:
"The gambler hopes. The investor owns."
Investing is ownership of productive assets.
Gambling is betting on an outcome.
There's nothing wrong with gambling as entertainment.
The problem is when speculation gets confused with wealth building, especially among younger investors.
Real wealth is usually built the boring way: ownership, patience, and compounding.