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  #11  
Old August 9, 2003, 03:00 AM
Simon Latouche
 
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Default Stock Market IS Like Casino...

Dien,

First of all, congratulations.

You gave the exact answer to the question: the stock market is alluring because of the element of addiction it shares with the games of chance.

But... you immediately corrected yourself.

'Of course, ladies and gentlemen, the stock market (like business) has it's 'rules' and 'logic''.

It's very interesting to play stupid with defenders of 'reason' and 'logic'.

So, let me play stupid and ask you:

'WHAT are those 'rules' and logic that the casino games LACK?'

My point is that if you try to 'reason' statistically, the odds of succeeding in business and stock market on the one hand and the odds of succeeding in casinos are the same.
(And please, don't refer to the so called 'success stories'; for every business-stock-market success story there is a story of lottery-casino winnings).

Just look at the marketers and business consultants using the metaphor of 'stacking odds in their favor'.

Implicitly they FEEL that the 'games' are essentially the same.

What are the odds of coming out with a successful book, succeeding in restaurant business etc..?

So, what is your answer to the stupid question?

Simon
 


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