Some forms of short-term investing are similar to gambling. Long-term investing
is different. This is why long-term investing should be encouraged.Gamblers should not expect a profit. In games of chance, the house always
wins. On the other hand, investing can provide positive results for most
participants. A simple buy-and-hold strategy in a diversified portfolio has and
is likely continue to provide positive results for investors.Financial markets were also created not just to make money, but to make money
by providing a service. Say what you will about modern finance, but the markets
provide opportunity for corporations to raise money for productive uses and then
return that money to investors with any change in value.