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in gambling, the casino has the edge; in speculating, the superior
system or method has the edge; in a random walk, no one has an edge.
all three assume extended play/trading; all are right except one, care
to take a guess which one is wrong? :))
TJ
--- Alexander Levitin <alevitin@xxxxxxxx> wrote:
> What is the difference between gambling and speculation? It is the
> interesting question by itself.
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