Difference Between Poker and the Stock Market

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Anything with variance involves "gambling" because of the risk involved. I think one important distinction is that stock market investing can be +EV (and usually is, when executed properly) but that gambling in general (I'm not talking about poker "pros") is -EV. When the general public speaks of gambling, they speak of the typical Vegas casino environment which, aside from poker, is strictly -EV. In terms of expected value, the stock market is not "gambling" but in terms of variance (or risk), it is like gambling.

At least, this is how I see it.