Post a 150- to 225-word (2- to 3-paragraph) explanation of the differences between gambling and investing. In your explanation, answer the following:
How would you describe the difference between gambling and investing?
What are the risks and potential pitfalls of investing that might cause someone to make the statement that “playing the stock market is like gambling”?
What are 2 or 3 ways that an individual or organization could mitigate the risks and potential pitfalls of investing?
To support your response, be sure to reference at least one properly cited scholarly source.
Sample Solution