tag:blogger.com,1999:blog-8152901575140311047.post750505663848515127..comments2024-03-28T06:23:58.716-04:00Comments on Musings on Markets: Some thoughts on Las Vegas!Aswath Damodaranhttp://www.blogger.com/profile/12021594649672906878noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8152901575140311047.post-46515711926609088452008-11-19T01:43:00.000-05:002008-11-19T01:43:00.000-05:00This comment is a request and I think I should hav...This comment is a request and I think I should have emailed it across...<BR/><BR/>Please Blog often.<BR/><BR/>Thanks & Regards,<BR/><BR/>jai2jaipmhttps://www.blogger.com/profile/00172086115583721258noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-1971826611804742152008-11-13T09:00:00.000-05:002008-11-13T09:00:00.000-05:00This comment has been removed by the author.2jaipmhttps://www.blogger.com/profile/00172086115583721258noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-11469259287217647692008-11-12T16:58:00.000-05:002008-11-12T16:58:00.000-05:00Good analogy, and I also find about 1% of the play...Good analogy, and I also find about 1% of the players are exuberant, may be due to their recent winnings (after streak of losses) or thru alcohol. I wonder whether most of the gamblers who play with lot at stake are also risk-lovers when it comes to investment? May be not. The casino gambling is always a zero sum game,if the gambler wins the house loses and the probablity are stacked so much against the gambler that he would eventually go bankrupt if he plays long enough. Same cannot be said for stocks, its not a zero sum game, more often than not it is a positive sum game if you go 'long' and play long enough. However, the derivatives market is more akin to casino gambling - there are gamblers (read speculators) who are trying to speculate but there are also investors who are trying to hedge. May be the recent years have seen speculators outnumbering the investors in the derivatives market or maybe there is a thinner line between speculators and investors than was previously thought.Saurav Roychoudhuryhttps://www.blogger.com/profile/15717543692051491723noreply@blogger.com