By Matthew Kerkhoff
In the stock market, we’re always making bets. Sure, you can call it “investing” to make yourself feel better, but at the end of day when most investors commit capital to the market, they’re doing so with less awareness of the odds than in a typical casino game.
What’s interesting, however, is that even those who don’t invest in the stock market are making bets. Their bet is simply that the stock market will produce returns below that of available alternatives, whether that be cash, bonds, gold or anything else.