Stock Market or Horses?

[fmhealth]

Thought other posters may find this link of interest. It's obviously a financial site & an informative one, but took a detour into betting in a recent thread.

http://www.diehards.org/forum/viewto...mrr=1201551144

[onefast99]

A few investors stating the obvious it is very hard to make a living playing the ponies.

[chickenhead]

someone should send that thread around to any officials who doubt that the takeout effects handle.

[gIracing]

Originally Posted by onefast99

A few investors stating the obvious it is very hard to make a living playing the ponies.

IT is also very hard to make a living on the stock market and probably even harder to start from scratch a fortune 500 company and run it successfuly yet pepole seem to do it.

i'm tired of hearing what people can't do. how about what we CAN do.

[Cratos]

Originally Posted by fmhealth

Thought other posters may find this link of interest. It's obviously a financial site & an informative one, but took a detour into betting in a recent thread.

http://www.diehards.org/forum/viewto...mrr=1201551144

Both wagering on horses and the purchasing of stocks are gambling. The article is correct, wagering on horses is a zero sum game, but the article is wrong about betting on horses does not create real wealth. What the author should have said is that the stock market wealth is in securities that can be exchanged into money and the winnings from horseracing are money wealth that can exchanged into securities.

But the most preposterous statement in the article is the one which says: “I don't know whether horse races and sports bookmaking constitute an efficient market or not.”

Get real because those who are proponents of the efficient market theory believe that there is perfect information in the stock market. This means that whatever information is available about a stock to one investor is available to all investors

However the efficient market distracters call the above nonsense and in my way of thinking both the stock market and the racetrack is financial risk which each person should accept or reject based on where they are on the risk curve of investment.