DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Difference between Investing and Gambling?

**OWV9LSxH** · 06-18-2012, 11:22 PM

If am approached by a friend, who has been in the computer industry for 25 years and has had previous success, wants to start up a new business. Off the top of my head, he wants to start up a computer memory manufacture.
He explains to me that from his research, there a 2-3 major manufactures and a number of smaller ones. During his pitch, he explains that our quality will be USA made, and the technology will be equal to or greater than the major brands. He explains what the market is like and gives a projection of how much market share we will be able to capture within a couple of years. Who are distributing partners will be etc.

As a laymen, I have to go by what he is saying. He has the expertise, he knows the market better than I do. There is no way for me to determine the market. It is not as simple as going to Yahoo Finance and looking it up. So my judgement to invest is by what he says. I don't have contacts in the industry to verify.
Doing so does this make it gambling?

06-18-2012, 11:22 PM	#3
OWV9LSxH Join Date Oct 2005 Posts 519 Senior Member	If am approached by a friend, who has been in the computer industry for 25 years and has had previous success, wants to start up a new business. Off the top of my head, he wants to start up a computer memory manufacture. He explains to me that from his research, there a 2-3 major manufactures and a number of smaller ones. During his pitch, he explains that our quality will be USA made, and the technology will be equal to or greater than the major brands. He explains what the market is like and gives a projection of how much market share we will be able to capture within a couple of years. Who are distributing partners will be etc. As a laymen, I have to go by what he is saying. He has the expertise, he knows the market better than I do. There is no way for me to determine the market. It is not as simple as going to Yahoo Finance and looking it up. So my judgement to invest is by what he says. I don't have contacts in the industry to verify. Doing so does this make it gambling?
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