Sigh...don't get hung up on semantics...One person's risk is another's gamble. The point is that business people don't have perfect knowledge of the future and have to make investments understanding that they won't necessarily turn out the way they'd hope.
One person's risk is another's gamble.
You say I am getting caught up in semantics. Your statement on risk is false. Gambling has a net negative return. In a gamble you simply cannot beat the house. The deck is stacked against you. That is the Marxist view and the excuse for their intervention in liberty.
They believe the free market deck is stacked and try to convince people to see it that way.
Here is another quote for you: An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative. - Benjamin Graham