Dr. Shanker Adawal
Gambling and speculation
are the oldest pastimes throughout the world. It has been perceived as the
quickest and easiest way of earning and making huge wealth, prosperity and
fortune with little effort. Though the reverse is also true, and many people looses
wealth, prosperity and fortune through gambling and speculation, and no
bankrupt, hence it is a curse for the mankind too. The mythological stories of
the emperor Nala and the Pandavas of the great epic Mahabharata are well known
for their addiction to gambling and their subsequent losses and miseries in
life. Yet gambling and speculation is still popular in the society in its
various forms.
Los Vegas in USA is the
famous destination for large scale gambling. Gambling enjoys the status of
industry there, and the entire economy of that place is dependent only on
gambling. Gambling existed in various forms, like betting on card games, cock
fighting, full fighting, ram fighting, horse racing etc. Some modern variant
forms of gambling are betting on sports like cricket, hockey, tennis, wrestling
etc. Gambling on the stock prices in the share and stock markets is also a form
of gambling and speculation. Some forms of gambling and speculation is banned
or restricted I some or the other countries while other forms of gambling or
speculation enjoys the status of lawful practice.
Speculation being the
intrinsic nature of a human being everyone resort to speculation at some stage
of his life, in some or the other from. In order to make maximum profits with
minimum investments and within a short span of time, quickly and fast before
the others, one resort to speculation. This has made the practice of
speculation popular among the people within any society or country.
Successful speculation
helps in speedy multiplication of fortune, wealth and prosperity in life.
Success and failure in speculation or the gain and loss in speculation are
attributed to the native’s own acumen, luck, fortune and wisdom. Without
holding enough good fortune and adequate experience, speculators always venture
into the act of speculation under the fear of failure or loss of wealth into
it. In the act of speculation, neither any goods are physically handled nor the
quality factors of any goods or services raises disputes and causes delays or
any kind of problems in the payment, hence a speculator remains free from these
kind of worries in his mind, except about is success or failure in the speculation.
A speculator once master
the techniques and his acumenship in handling the bearish and bullish trend in
the stock markets, develop his intuition and expertise in his speculative
ventures which reduces the fear of his loss or failures and also helps in
developing his confidence. Buying and selling decisions in the stock markets
are governed by the individual sentiments of greed and fear in the stock
markets, which are governed by the stars and planets again, which causes
fluctuations in the prices in the stock markets.
Continue…
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