Essay heading: A Religious Calling

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Issue:

Religion

 

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Date added:

March 26, 2008

 

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No of pages / words:

4 / 1057

 

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That is, the speculative stock and real estate “investment” industries and Las Vegas are kept in business by the human inability to assess with reasonable accuracy what a small chance to win a large amount of money is worth. Our greed consistently causes us to pay more for chances like this than we should...
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Our greed consistently causes us to pay more for chances like this than we should. And promoters of various types have from time immemorial taken advantage of this human weakness. It is far better to be a seller of chances to invest of this type than a buyer. At least, I told him, the people in Las Vegas are upfront about how they make their money...
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