None of them laughed.
“Too early?” I joked. “But I mean it. And I think we should discuss the difference. I would also do that if there were no sports betting.”
“Yes, right,” murmured Oliver.
Is that investing like gambling?
“Oliver,” I said seriously, “I’m not making a cheap shot. Really, some people think that investing when you invest, it is not at all and it is important to understand the difference.”
“Okay, good,” he said narrowly.
I continued. “Sometimes when we talk about investments, we talk about this thing that describes the compromise of the risk return. It is an investment principle that basically says that the more risk you take, the more potential return you can achieve. The return is the money you earn, or rather the money you could earn.”
“Like slot machines,” said Oliver. “If you play the Penny slots, you don’t lose a lot of money, but you won’t make much money either. If you play the 5 dollar slots, you could lose a lot more, but you could win a lot more.”
In view of the circumstances, I had a little bit of gambling reference, but he had a degree. “This is a great point. But I am also careful not to compare the gambling with investments.”
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