The Gambling Impulse

The gambling impulse is very strong in people world wide. And occasionally it gets an enormous shove. Conditions lead to this place where more people are entering the casino than are leaving every day. This is about as extreme as we've seen it, isn't it? Charlinr yes, of course. I call it fee driven byin ther it's not buying because it's a good investment. They're buying it because the adviser gets a fee. The more of that you get, the sillier your civilization is getting. It reflects no credit on the people tha are doing it, and no credit on regulators and voters that allow it. So i think we have a lot to be ashamed of