I don't have to tell them that, what do you think why gambling is so popular in poorer communities? Yes, everyone "knows" it's a game of chance but they secretl

I don't have to tell them that, what do you think why gambling is so popular in poorer communities? Yes, everyone "knows" it's a game of chance but they secretly tell themselves it's a game of skill and that there are rules they just have to get better at recognizing. The gambler's fallacy is a prime example of that. Trading is only different from gambling in that we don't view the belief in "skill" as a sign of addiction and instead feed into it with the mainstream news cycle. There's no practical difference between betting on stocks and betting on horse racing except the levels of complexity permitted. The trick to winning at stock gambling is that unlike with regular gambling if you have enough money, you can effectively "be the bank". The more money you, the easier it becomes to diversify your investments and in some cases you can effectively bet on black and red at the same time and still turn a profit. It's less about skill and more about having the wealth to feed complex financial vehicles that practically guarantee an ROI over time. > Tell that to the sweatshop worker who made your jeans. The sweatshop worker doesn't believe their skill at their job translates into wealth. The sweatshop worker knows they're in a deadend job barely making enough to feed their family and that they'll be cycled out if they get sick, injured or simply have a few bad days. They might still believe their "skill" at gambling could make them money. But they probably don't have enough money to be able to "invest" in trading.