The hourly wage for services rendered or a fixed salary for work done is really quite a ridiculous notion if you stop to think about it. And yet, this is the system that most of us work with when we think about the notion of ‘money’.
There’s a huge difference between gambling and making an investment. Gambling is playing with luck in the hope that things will turn out in your favour. Making an investment is pouring resources into someone or something with the expectation that it will generate a return based on the information you presently have. But some investments we make inevitably end up generating losses. So what do we do?