Is there a hard threshold? Do high risk investments such as penny stocks qualify as gambling? Do low risk investments? Annuities? Bonds? CDs?
This comment got me wondering.
Is it more to do with the venue? Stock markets and real estate vs casinos and the lottery?
Were the MIT Blackjack Team gambling or investing?
Is this just another semantic hotdogs are sandwiches discussion or is there an agreed threshold?
A lot of insurance investment came from gambling, so the line is kind of fuzzy.
I would like at it as trying to describe your investment strategy in terms of trying to maximize total expected value and giving yourself enough chances to get close to that expected value.
Investors hedge their risk, gamblers bet on it.