Tuesday, April 1, 2014

21 vs. Investing

     There are multiple similarities between 21 and investing in stocks. The main similarity I have found is that they are both controlled by emotion. In playing 21, the first thing you have to do is decide how much you are willing to bet (or risk). The higher you bet, the higher chance of a bigger return you have. The lower you bet, the lower the risk and chance of big return you have.  Another way the two are controlled by emotion is how "lucky" you are feeling. If you are doing very well in 21 and you decide to bet a high number assuming you will get a high return, you risk losing that much money. The same with stocks, which is why it is so important to research a company you invest in and make sure you understand how the system works.

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