The Real Truth About Investing and Gambling
This question never fails to irk me.
Everytime.
Now, before I go on, let me recount to you a story I remember vividly to this day.
Many years back, I was discussing investment with a dear friend of mine.
His family just got burnt in the stock market because his dad speculated dangerously with wild abandon.
The result - a whopping MILLION dollar gone down the drain!
He passionately ranted to me that the stock market is like a casino. It is for gamblers. You’ll never win.
Dabble in stocks and I’ll end up like his dad, he advised me.
I knew he was still recovering from the trauma of his dad’s big loss, so I didn’t want to say more and listened quietly on.
It had a major impact on me then as it was the first time I actually knew of someone who lost such a humongous amount of money.
And this story brings me to the topic I’m gonna discuss today.
Is Investing Similar To Gambling?
There is still a widespread perceived notion that dabbling in stock is equivalent to gambling.
