Individual investors mostly do gamble in the stock market. That's because reading balance sheets and income statements is boring and confusing, and it's much more fun to just bet on the next big thing that you heard about from Jim Cramer or the guy at the water cooler.
But it doesn't have to be that way. Guys like Warren Buffett did not make their money by gambling. True, you do have to take some risks. But they are caluclated risks, and you only put your money on the line when the odds are in your favor.
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