There’s some misunderstanding of definitions going on here. A degenerate gambler is someone who repeatedly makes bad bets. According to you, you would be betting against the people making bad bets. This is what nearly all successful business is, betting against people you think you are smarter than. The real issue here is that you don’t actually believe your own comment. That’s fine, I don’t believe it either.
There’s some misunderstanding of definitions going on here. A degenerate gambler is someone who repeatedly makes bad bets. According to you, you would be betting against the people making bad bets. This is what nearly all successful business is, betting against people you think you are smarter than. The real issue here is that you don’t actually believe your own comment. That’s fine, I don’t believe it either.