You can read my latest here:
http://victorlough.com/blog/1918775-...-like-gambling
Quote:
When people think of gambling in a broad sense I assume they equate the risk and reward to things like a roulette wheel, or slot machine, or maybe in less times the lottery. Those are not good proxies for the stock market, and have almost no relation to investing. But when you look at gambling and in particular Poker, you have a much higher correlation with investing and the stock market and here's why:
|