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#271 | Zvi Mowshowitz; Gambling, Game Theory, Inflation and COVID

The Vance Crowe Podcast

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The Difference Between Gambling and Trading Stocks

Gambling is more expensive in the sense that if you're just doing things at random, you'll lose money a lot faster. But as long as you're not constantly buying and selling, you're going to be OK. In gambling, like, no, you have to be good and lose. There's no baseline alpha until you find it. That's one of the big differences.

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