kawi254 wrote:the deal wrote:We have hit a record in turnover this month with no advertising...Just social media...
1. Turnover=ZAR40,770
2. Player Payout/Withdrawal = ZAR3,500
I will keep the rest if nobody wins tonight or this weekend....
Needless to say you will never see me at the NSE again...
The house always wins.
You moved one step up the food chain from being a casino player to the casino owner but you are still in a casino same same as NSE casino.
Casinos/gambling do not create value. They transfer money from the idiots to the casino owners.
The "real" idea of a Stock Exchange is to allow the growth (& not just transfer) of wealth by financing ideas/growth. It doesn't always work out like that though but it isn't gambling for many investors.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett