#165 - Gambling is not Investing

Throughout my career, I've often heard people argue that the stock market is rigged, corrupt, or tilted in favor of wealthy, well-connected investors.  Many believe the average individual has little chance of success. Like most generalizations these comments stray wide of reality.  Having spent nearly 40 years investing in the stock market, I've learned not to get worked up too much by these views.  Listen to this UPdate distinct comparisons between the fast growing predictions market (gambling) and investing.  Most importantly the devastation that this new form of gambling is having on people and families.