A family member, who worked at the bank, saw a lot of high net worth clients lose a lot of money gambling, to the point of even re-mortaging their houses. They told me, “At a casino, the worst thing that can happen to you is winning.” Chasing the ecstasy of the first win leads you to future losses. It gives you a false sense of confidence, leading you to think you’re in control, and to do something you’ll regret. Gambling isn’t just an act, it’s an attitude and mindset. Winning any type of gamble should be a warning sign to get out. The pain of losing a gamble is useful because it discourages you from losing more. The first step to getting out of a hole is to stop digging. Investing is not the same as gambling. If you can’t tell the difference, you’re gambling. The hungry ghost’s favorite ingredient was ambition The post Winning at the casino appeared first on Herbert Lui.
No comments yet. Log in to reply on the Fediverse. Comments will appear here.