3 ms·
As far as I've read, it's psychologically identical. The scary thing about financial gambling like options-, day-, or forex-trading is that they seem respectabl
by smt88 3y ago
As far as I've read, it's psychologically identical. The scary thing about financial gambling like options-, day-, or forex-trading is that they seem respectable. Laypeople don't usually know that the person is gambling, and some people even think of it as a legitimate job.
- Terr_ 3y agoThat reminds me of a book quote I saw today, reproduced within another work about financial fraud. ("Lying for Money".) > For the most part, it was based on two simple truths: first, that a majority of the richest one percent of Americans are closet degenerate gamblers, who can't withstand the temptation to keep rolling the dice again and again, even if they know the dice are loaded against them; and, second, that contrary to previous assumptions, young men and women who possess the collective social graces of a herd of sex-crazed water buffalo and have an intelligence quotient in the range of Forrest Gump on three hits of acid, can be taught to sound like Wall Street wizards [...] -- The Wolf of Wall Street