We don't live in a zero-sum economy. Creating a business worth X amount of dollars does not mean that my competitors automatically lose X amount of dollars. Just like the plow increased everyone's harvest, innovations can increase the wealth, time and value of everyone involved.
But, gambling's different. Let's say I enact my gambling theory from yesterday. I get great at poker. Play people worse than me. And win lots of money over time.
All I'm really doing in this situation is siphoning money off idiots. I'm not earning money by adding value to anyone's life. I'm solely taking it away. If you can get past that, it's a no-brainer. But, it's a tough one to get past.
This is not a life update. This is a place where people are free to think.
Subscribe to:
Post Comments (Atom)
Top 5 Health Benefits of Golf
Note: This post has been contributed. Photo by Pixabay from Pexels Golf is a beloved sport around the world. With a ri...

-
Both in Peoria and up here in the Chicago suburbs, I have had multiple Jimmy Johns employees who have memorized my order and start preparin...
-
This post has been contributed. You’ve undoubtedly heard it by now. We are living an unsustainable lifestyle as a species. The fact tha...
-
This post has been contributed. https://unsplash.com/photos/ffmkD8dm7Zw When you first realize that you’re not feeling as health...

3 comments:
Very good Eric! The money you won off of the idiots in the poker game was only weird money. You won't find real money in a poker game. The real money was created by the mind behind the plow.
Over time doesn't ehlp because you would have to have an unlimited bank roll. If you ended up losing big the first few times because you had a full house but your opponent gets a straight on the river then you it's possible you lose a significant amount of your bank. In theory it works...
i think in practice too, unless you commit yourself to playing 100% of your assets each hand. but what about the money that you use on stocks right now?
Post a Comment