My brother in law and I got to talking about Las Vegas and sports gambling. And then it transitioned off to the stock market.
He said he was listening to a famous sports gambler (I cannot recall his name) who essentially said that sports gambling is heavily regulated and actually safer, has more integrity than stock markets. I believe he was referring to some people using insider information, or companies inflating their numbers to get an unfair advantage.
Anyway, my counter to that was that, there’s always been bad apples in any market, and the U.S stock market is not exempt. But, the few bad apples in the stock market don’t spoil the entirety of the relentless gains of all of the stocks in a diverse mutual fund loosely representing the entire stock market.
What is another effective counter argument to what my BIL heard and what I hear from some family and friends?
He said he was listening to a famous sports gambler (I cannot recall his name) who essentially said that sports gambling is heavily regulated and actually safer, has more integrity than stock markets. I believe he was referring to some people using insider information, or companies inflating their numbers to get an unfair advantage.
Anyway, my counter to that was that, there’s always been bad apples in any market, and the U.S stock market is not exempt. But, the few bad apples in the stock market don’t spoil the entirety of the relentless gains of all of the stocks in a diverse mutual fund loosely representing the entire stock market.
What is another effective counter argument to what my BIL heard and what I hear from some family and friends?
Statistics: Posted by Gardener — Thu Mar 07, 2024 5:55 am — Replies 1 — Views 58