Discussion on Gambling and Investment Opportunities

I think there are times when opportunities are just thrown at you so fast you

can't, you know, it's unbelievable.

And then there's other times when you're very,

very lucky if you find one thing in a couple of years.

And it should always be that the

latter is what prevails.

But since humans love to gamble so much,

there's more money in actually cultivating

gamblers than there are cultivating investors.

Fair to say, though, it's tougher to find values or find cheap opportunities?

It's tough to find values when everybody is preferring gambling.

And from the standpoint of the state, and we may have discussed this,

but from the standpoint of the state, it's sort of disgusting because the state

needs money for all kinds of things, roads, schools, you name it.

And they have found that they can clip people who are buying nothing but hope,

selling them a payout, something with a payout ratio of 60 percent or

something like that.

And if they weren't doing that,

they'd have to have the income tax higher.

It's a cynical sort of activity.

And I think the less you get cynicism between

the governing body and the people in government,

you don't want people to be cynical about their system.

But there's times when the system says,

you know, just be as cynical as you want

because this is what I'm going to do, baby.