> In casinos the games are designed so that in the long run the house always wins.
That's exactly what I meant by odds; they always win because the odds of the games are in their favor.
> The stock market isn't a game
It's a game in the same sense that life itself is a game.
> it isn't designed
The mechanisms that fit all the pieces together are very much designed by humans. True the behavior of the market isn't designed; it's an emergent property of the complex system we call "the markets."
> it continuously evolves
Yes, but change is also the constant. What underlies that change is supply and demand.
That's exactly what I meant by odds; they always win because the odds of the games are in their favor.
> The stock market isn't a game
It's a game in the same sense that life itself is a game.
> it isn't designed
The mechanisms that fit all the pieces together are very much designed by humans. True the behavior of the market isn't designed; it's an emergent property of the complex system we call "the markets."
> it continuously evolves
Yes, but change is also the constant. What underlies that change is supply and demand.
Of course you're free to disagree. But if you'd like to learn more about the not-100%-accurate analogy I described in abbreviated form, the source is here: http://www.goodreads.com/book/show/253516.Trading_in_the_Zon...
Edit: Good reading on "life as a game": http://www.goodreads.com/book/show/189989.Finite_and_Infinit...