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But even when you're gambling, why should you gamble by going long on an asset with a nearly guaranteed long term value of $0 rather than one with a neutral or
by microtherion 6y ago
But even when you're gambling, why should you gamble by going long on an asset with a nearly guaranteed long term value of $0 rather than one with a neutral or positive outlook?
Sure, you may get lucky, but the odds are unfavorable all along.
- bsder 6y ago> But even when you're gambling, why should you gamble by going long on an asset with a nearly guaranteed long term value of $0 rather than one with a neutral or positive outlook? Because the odds on Hertz may actually be better than the odds in a Vegas casino and these people play that anyway? Gambling odds are never in your favor--the house always wins. Gamblers are always going into a situation where they are going to lose. The only difference with the Hertz situation is that if you can offload your stock to the next sucker before it tanks out, you "win". That's pretty good odds for a gambler, actually.
- microtherion 6y ago> Because the odds on Hertz may actually be better than the odds in a Vegas casino and these people play that anyway? The alternative I was thinking of was not a Vegas casino, but some other stock, or a derivative thereof.
- markus_zhang 6y agoMaybe options. I know a lot of people play OTM options and penny stocks as gambling.