Read More: Gambling, Casinos, Cheating, Pari-Mutuel, Scams, Casino, Russian Roulette, Law of Averages, Business News
The idea that the stock market does not need any government regulation is as naive and dangerous as the notion government need not closely watch the activities of Las-Vegas-type casinos. If government didn't scrutinize, greed would succeed.
We all know investing is risky. But most people never ask, "What kind of gambling is investing?" Why is this important? When it comes to investing people often confuse the need for luck with the need for skill.