Hi guys!
So is share market just gambling?
To answer this, we must first ask- what is 'gambling'?
In my opinion, any act done without knowledge, without study, without experience, and without practice can be termed as gambling.
For instance, what if someone took you to the cockpit and suddenly asked you to fly the plane...
The result ...?
Now you will have understood my simple definition of gambling stated above. In this situation if you attempt to fly the plane, it is gambling!
The reverse of that is also true. Any act done with proper knowledge, with proper study, with enough experience, and with regular practice will not and cannot become gambling!
(Just like when mom is cooking in the kitchen - fine! But when dad enters the kitchen for the very first time and attempts...!! Risky!) 😆
Another example: Let's consider a situation where you need to go someplace. There are two people who offer you 'a lift'. One is Mintoo, and the other is Pintoo.
1. Mintoo has a driving licence 1. Pintoo does not have a driving licence
So is share market just gambling?
To answer this, we must first ask- what is 'gambling'?
In my opinion, any act done without knowledge, without study, without experience, and without practice can be termed as gambling.
For instance, what if someone took you to the cockpit and suddenly asked you to fly the plane...
The result ...?
Now you will have understood my simple definition of gambling stated above. In this situation if you attempt to fly the plane, it is gambling!
The reverse of that is also true. Any act done with proper knowledge, with proper study, with enough experience, and with regular practice will not and cannot become gambling!
(Just like when mom is cooking in the kitchen - fine! But when dad enters the kitchen for the very first time and attempts...!! Risky!) 😆
Another example: Let's consider a situation where you need to go someplace. There are two people who offer you 'a lift'. One is Mintoo, and the other is Pintoo.
 |
| Mintoo |
 |
| Pintoo |
1. Mintoo has a driving licence 1. Pintoo does not have a driving licence
2. Mintoo drives regularly 2. Pintoo has no regular driving experience
3. Mintoo is a teetotaller 3. Pintoo is a barfly
4. Pintoo has only seen others drive!
Whose offer should you accept?
Well, going with Mintoo is a better decision, and as per my definition accepting Pintoo's offer is a gamble - a risk of life!
Does it mean that when you're with Mintoo there is NO RISK?
There is always a risk, but at least if you go with Mintoo, the risk is what is called - 'a calculated risk'!!
Do watch this video (it is in Marathi)!
Hope this helped!
Do leave a comment.
Cheers!
3. Mintoo is a teetotaller 3. Pintoo is a barfly
4. Pintoo has only seen others drive!
Whose offer should you accept?
Well, going with Mintoo is a better decision, and as per my definition accepting Pintoo's offer is a gamble - a risk of life!
Does it mean that when you're with Mintoo there is NO RISK?
There is always a risk, but at least if you go with Mintoo, the risk is what is called - 'a calculated risk'!!
Do watch this video (it is in Marathi)!
Hope this helped!
Do leave a comment.
Cheers!
