1. It is for many people. I can give you the names of 10 people that consider it a casino, and invest accordingly. For them, and many others, the reality is that it is a casino. No matter what you say.
Pointing out the Obvious wrote:
Well, yeah, except for the fact that:
1) It 'aint' a casino.
2) If you are going to make the casino analogy then the only reasonable way to look at it is that we ARE the house.
2. No way. In most people's cases, and the way they "invest" (poorly), Wall Street brokers, investment firms, etc. are the house.
You can debate all you want, but you are denying reality.