Are Businessmen Gamblers by Nature?

In this world, nobody is born thinking like a businessman or a gambler by nature. There are things that entrepreneurs learn through experience, from their surroundings and with the money they have. These things manipulate their decisions.

The Similarity

However, to think like an entrepreneur may not be less than that of thinking like a gambler. Think about it for instance! From deciding on a target, investing time, skills and money on it – to making follow ups on profits to make the initial investment worth it and eventually moving to bigger stakes. Doesn’t that sound like something that aligns a gamblers moves?

Eyes on the Prize

The choice to take on about business, is setting goals right and determining what you want. Like a gambler, a businessman thinks concretely and firmly. When you’re gambling for your set target, you need to be firm about playing your cards right. If you flinch, you either falter or you lose. You don’t want your business to eventually wither away if your cover is blown.

Having Faith

Of course nobody becomes rich overnight, but with consistent hard work, it surely pays off. One key element is the initial decision to take a leap of faith. Knowing your finances, and how much you can fuel your business to keep it and yourself afloat, is a big statement of confidence.

Calculating Risks

Of course when you decide and then try to pursue the business world, you set yourself up for risks. These should be calculated according to your capital, your strategies and realistic goals. Gamblers and businessmen are of the same nature when they want to pursue something very tempting yet comes with risky cons.

Cons will always be there. You don’t step into business without expecting to win at all times. There are downs, which requires knowing how to handle. If one thing doesn’t work, like a campaign, you always have the opportunity to plan for the next.

The Intention

Any businessman thinks of expanding their business. Gamblers think of growth as well and keep placing bets. This is where they take that risk to complete their motivation.Their motivation drives them to identify opportunities against other competitors. They all just count on luck rather than hard work.

Conclusion

In conclusion,I think we have established how businessmen are much alike gamblers. They say that if you’re willing to gamble, you would make a successful businessman. Playing safe wouldn’t bring you the big game you should be craving for in your business. It is important to get out there and calculate your risks and take decisions accordingly. Keeping that edge will keep you alive in the game so you can wear that tag of being an entrepreneur with pride.

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Is the Stock Market a Kind of Gambling?

Money management is an essential objective for any individual who wants a secure source of income. Nowadays a constant cash flow or the existence of passive income has become an ideal and attainable goal. Therefore, if investing in a stock market, or trying your luck at poker is a good motivation for a favorable financial return, then it’s important to comprehend the risks behind these activities.
Allocating funds, so that a future profit arises, is a stock market’s prime objective. Research and analysis of the current market situation will help in segregating those companies which are offering favorable stocks, such as blue-chip stocks which indicate a strong source of wealth. There are significant differences among gambling and investing in the stock market, but one in particular which stands out is the risk factor.

Difference between the Two
Betting on a horse-racing event is usually expected as a blind investment unless you take the time to pick a truly valiant steed. However, investing in a strong multinational company’s record on the stock exchange will surely be a more accurate depiction, of how your finances will be calculated. The reason being is that gambling is a onetime cash exchange with the chance to receive a large sum if you win the bet, likewise stock investments give you a share of the selected company which will eventually lead to the investor receiving favorable dividends on a timely basis.

It seems that with all the available information on a public company’s financial status, investors can do their homework before deciding to act, which allows risk to be properly acknowledged. Even though gambling is stereotypically understood as a shot in the dark, the ‘Dutch book Theorem’ shows otherwise. Professional uses it as a tool to earn profit through probability specifically understanding inconsistent ones that allow the gambler to grab the opportunity of gaining profit whilst avoiding losses.

A lot of discussion about profit has been acknowledged, now shifting the focus of loss, there is certainly a key difference between gambling and investing because the latter has a more reliable outcome. A task termed as ‘stop-loss order’ is the directive by the investor to sell one of their stocks when its value decreases, even though this behaves as a loss, a strong percentage of your risk capital will be retained. In contrast, gambling has a mechanism that is unable to function as a shield from financial setbacks.

Conclusion
An ethical perspective arises when choosing whether to place a bet or invest in quality stock, this is because of the atmosphere of individuals who participate in these tasks respectively. You might mix in with the wrong crowd who are involved in sketchy betting activities, or corrupt companies who appear financially strong on the stock market to attract traders but vanish the second that the company has gathered funds. Thus, it is important to take the time and research, to implement your long-term goals, and identify the true nature of your income source. A plethora of financial reports can be of vital assistance.