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January 11, 2016 · 13:35 · 9 min

Reason 2: embezzlement — stewardship, talents, investing vs gambling

  • Is investing in the stock market just gambling like blackjack?

Piper's reason two (a kind of embezzlement: managers don't gamble their master's money) sparks a long debate: the parable of the talents and its historical background, whether churches playing bingo undercuts the argument, whether stock-market investing is just gambling like blackjack, and the key distinction that in a mutual fund your managers are your allies while in gambling the house is your enemy.

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