This is devolving into a discussion about semantics, but in my vocabulary at least, just because you have an edge doesn't mean you're not gambling. It's about the level of risk, and investing huge amounts of capital in hopes of funding a unicorn tech startup fits the bill, to me.

There's a phrase in Europe. "Old money dies hard"

And money in Europe is old, and hard fought for. We still have rich people who's families made their fortune in the 11th Century.

Money in the US is new. And easily lost. The whole show is less than 250 years old. And that star is already on the wane.