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Is investing in stocks like gambling?

Evaluate this statement:

Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.

Solution Preview

On the surface, this seems true. Folks are just buying and selling and hoping the difference will end up in their checkbook. They are not improving the lives of others, encouraging certain business practices, buying and using goods, or hiring and training workers. In fact, the ...

Solution Summary

Discussion is three paragraphs in everyday language suitable for an introductory course. It is a personal opinion view rather than a scholarly view with references and may prompt the student to adopt their own view in a similar way.