The contemporary world of today functions on investment. There are many types of investment such as investment in property, shares, mutual funds, sugar, gold, oil, rice etcetera (Theodore , 1992). The list goes on and on with some forms of investment so inanely mundane like investment in over priced paintings by unknown artists that one is forced to shake their heads at the inanes of how far the concept of investment has come since its inception.
Investment is described in dictionary as:
“In finance, investment is the purchase of a financial product or other item of value with an expectation of favorable future returns. In general terms, investment means the use money in the hope of making more money. In business it is the purchase by a producer of a physical good, such as durable equipment or inventory, in the hope of improving future business.”
Gambling on the other hand is almost as old as investment itself and its exact origins are unknown. Scientists believe that the ancient Romans would bet on the outcomes of chariot races and gladiator fights. It could be defined as:
“…the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Typically, the outcome of the wager is evident within a short period (Linda , 2006).”
Inhaltsverzeichnis (Table of Contents)
- Investment Ethics
- Differences of investing and gambling
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This text aims to differentiate between investment and gambling, arguing that despite apparent similarities, the two are distinct concepts. It analyzes the ethical implications of both activities, particularly in relation to risk, return, and potential societal impacts.
- The ethical implications of investment and gambling.
- The similarities and differences between investment and gambling.
- The impact of gambling on individual and societal well-being.
- The role of research and risk management in both investment and gambling.
- The potential for addiction and destructive behavior associated with gambling.
Zusammenfassung der Kapitel (Chapter Summaries)
- The first chapter defines investment and gambling, highlighting their shared focus on financial gain. It argues that the similarities in definitions blur the lines between the two activities.
- The second chapter examines the ethical implications of investment and gambling. It argues that investment, even with its potential for selfish motives, can have positive economic impacts. In contrast, gambling is presented as inherently detrimental, leading to addiction and social costs.
Schlüsselwörter (Keywords)
The primary focus of this text is on the ethical and societal implications of investment and gambling. Key terms and concepts include ethical considerations, risk management, return on investment, addiction, social costs, and economic impact. The text utilizes examples of gambling and investment practices, such as casino gambling and stock market investment, to illustrate its arguments.
- Quote paper
- Lucy Adams (Author), 2010, Investment Ethics, Munich, GRIN Verlag, https://www.grin.com/document/269956
