As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 17 September 2009

Gambler's Losses and Investor's losses

When a Gambler goes to Casino with $50K to gamble, he knows that due to bad luck he will lose all his $50K. The Gambler can live with the $50K losses. He knew it. It can happen!

But, when an Investor goes to Stock Market with $50K to invest, he will never expect that he will lose all his $50K. If the Investor ever lost $50K in the Stock Market, he may not be able to take it. He may be traumatic about his losses.

Gamblers know their losses while Investors are shocked by losses. See difference.
Posted by Createwealth8888 at 20:42
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