The stock market is not for gamblers

April 28, 2014, 3:24 pm

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The debate "The stock market is not for gamblers" was started by JohnnieWalker on April 28, 2014, 3:24 pm. 2 people are on the agree side of this discussion, while 0 person is on the disagree side. There needs to be more votes to see what the common perception is. It looks like most of the people in this community are on the agreeing side of this statement.

JohnnieWalker posted 1 argument to the agreers part.
posted the first argument on this debate as an agreeing part.

JohnnieWalker, TmlxIss2cool agree.
Nobody disagrees.

When you are playing roulette you can bet on red, black or green and in every case the odds are against you.
1.111 to 1 in each case, which means the house always wins eventually.

You cannot win if you gamble.

Even if you win a few times, you will always bet again and you will lose all your winnings eventually. Even if it takes a few years but you will always leave Las Vegas with nohing.

In fact, many companies on the Forbes 2000 are in the category Casinos & Gambling.
http://www.forbes.com/global2000/list/#page:1_sort:4_direction:desc_search:_filter:Casinos%20%26%20Gaming_filter:All%20countries_filter:All%20states

If you take a close look, you will discover that EVERY CASINO IN THE WORLD is profitable, with the exception of Caesars Entertainment with 68,000 employees and MGM Resorts with 61,000 employees but that can be easily solved firing a few thousand employees and replacing them with new employees at lower salaries and smarter software.

5 years, 1 month ago
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