Re: Difference Between Poker and the Stock Market
What prompted me to start this thread was an article in the Sunday, NYPOST about the debt accummulated by "Generation Debt," people in the 30-45 age group. The article stated that one of the "problems" with that group (which includes me) is that we view the stock market as gambling.
I understand that the financial firms spend millions of dollars every year to make the stock market seem "respectable" and to hide the gambling element. However, there's no other way to explain the constant fluctuations of stock prices other the gambling element.
If a stock is selling at 30 in November, 45 in March, and 30, again, in August, did those fluctuations really reflect the value of the company?
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