2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP520: Investing Through Post-bubble Markets w/ Jamie Catherwood

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Difference Between a Bucket Shop and a Traditional Stock Exchange

A lot of what I'm talking about is from an article I wrote for Bitcoin magazine. In a bucket shop, it was a zero sum game where because you're not buying the actual underlying stock as a speculator in a bucket shop,. You're just betting on the direction. And so there's like this opposing relationship between the bucket shop owner and the speculator that basically every dollar that the speculator wins, the bucket shop loses.

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