Jun
To Powerball or not to Powerball…
AZ Powerball
As you may be aware, the soaring cost of raw materials and striking workers is driving the cost of automobile manufacturing higher than ever. While stock investors may smugly believe that consumers must pay the price of these increases, they forget that investing in the automobile industry is an extremely risky gamble. Perhaps it can be said that investing in automobile manufacturers is every bit as risky as playing AZ Powerball.
AZ Powerball is sometimes labelled as “gambling” since playing it requires limited skills. The best people who operate in the financial industry are most often sophisticated investors. Nevertheless, with a little bit of scrutiny, it becomes clear that the stock investor relies on randomness just as much as an AZ Powerball player.
Many years ago, Benjamin Graham advised stock investors to assess the net worth of a company rather than the mood and direction of other investors. Unfortunately, in today’s economy, every business in a specific sector is up against unsolvable problems. As a result, investors really do have to try and guess how their fellow investors will spend their money in order to be able to buy and sell for a profit.
As Warren Buffett so eloquently states: “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”.
As may be expected, when you are trying to predict the trend of thousands of stock investors, it is not much different from trying to guess which Powerball will be selected. Most anti-gambling advocates, as well as government regulators seem to be completely unaware of that. As a result, our economy is certainly bearing testament to the failure of stock investors to observe basic guidelines about how to gamble safely. That said, if you want to play AZ Powerball, you should still keep and maintain a sound financial budget, and not gamble beyond your means.
