A Layman’s Explanation Of The Wall Street Rigged Casino Analogy | MarkStCyr.com
by Mark St.Cyr • September 1, 2015
In a discussion the other day I was asked to elaborate on the “rigged casino” reference used when describing the stock markets for they understood the “gambling” aspect implied, yet also knew from reading myself or others, there was more too it than just that, and were trying to see past the obvious which “casino” implied, and wanted a little bit more minutia or detail to better grasp the whole “rigged” implication.
It turned into a lively sarcastic discussion I had fun with. So much so, I decided to put it all down (and elaborate a little further) into a post for those which may be in that same camp. It’s a little long, so I wrote it in conversational style as well as story based to hopefully take the lengthiness out of it. (whether I was successful is in the eyes of the beholder) I just felt it better as one long shot, rather than broken into two or three separate pieces of posts. And with the end of summer long weekend/holiday coming up on us, I thought it was as good a time as any to write it.
Just remember, I’m speaking only for myself as I see it. Also – it’s intentionally meant to be an over simplification or crude example as to demonstrate the argument for an “Ahhh, got it!” type discussion. So with that said the example went something like this:......
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