Will Payne explains the difference between a gambler and an investor.
A gambler, he pointed out, wins only because someone else loses.
Where it is investment, all gain. (p50)
John Kenneth Galbraith, The Great Crash 1929 (London: Penguin, 1954, 1975).
A review of The Great Crash 1929 is posted at Reviewing Books and Movies.
Dr Geoff Pound