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Re: Stock Market IS Like Casino...
> '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. It depends what you call succeeding. If by succeeding you mean ending up with more dollars than you started with, then I'm pretty sure the number of stock market investors who succeed at that is much higher than the number of gamblers over a decent time period. You can view casino games as logical because they follow a very defined set of rules. Playing them is a fairly illogical activity, however, at least from a profit perspective since the odds are always stacked against you. The main difference I see between casino games and business or the stock market is that the latter two do not have fixed odds -- they depend somewhat on your skill, experience, knowledge, as well as luck. |
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