I think for me, it's helped with loss aversion a little bit. You understand that every stock you buy isn't going to be a 10-bagger. A lot of the sharp, I'm not interested in doing this kind of sports betting, but a lot of the sharps look for those really small ponds.
A survey from Lending Tree found that a majority of Americans thought investing was just as risky as gambling. And sure, the stock market can be a casino, but it doesn’t have to be. Anand Chokkavelu and Ricky Mulvey discuss:
- The lines between gambling and investing, and when they get blurry. - Games that Wall Street traders play. - Positive sum, negative sum games, and how to know the difference. - How Uncle Sam helps investors more than gamblers. Host: Ricky Mulvey Guest: Anand Chokkavelu Engineer: Dan Boyd
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