Stocks vs Sports: Inception (0)
I love gambling on sports. I never win money, but adding a bit of risk to an otherwise mundane matchup can make watching games more exciting. I don’t love gambling on the stock market. It just isn’t as much fun. In both cases, I take my money and use it to buy a chance at more money in the future. Where the outcome in sports is influenced by the competing teams ( and in some cases, the referees), the outcome for stocks is controlled by any number of “animal spirits”. The uncertainty of the stock market clearly has many influential factors, from normal market fluctuations to public manipulation. Yet gambling on sports is viewed as a riskier and less lucrative proposition. Does it have to be? A savvy investor will likely outperform a savvy gambler, but what about an idiot like me? Is there actual historical data that would support that if you bet with no strategy and invested with no strategy, Wall Street would win out over Vegas? Is there a way to beat the odds by using my rudimentary data analysis skills? Of course not! But I still want a way to answer these questions with a silly and over-engineered solution. ...