This is a question that is standard in all the Gamblers Anonymous websites around the world. Reading this can be a shocking reminder of how close to the edge trading can be to gambling. We really need to know what the difference is. Are you a trader or a gambler? Notice once again it is pychology that means the difference, and not just following a system. Many gamblers have a system. Read on:
What is the dream world of the compulsive gambler?
This is another common characteristic of compulsive gamblers. A lot of time is spent creating images of the great and wonderful things they are going to do as soon as they make the big win. They often see themselves as quite philanthropic and charming people. They may dream of providing families and friends with new cars, mink coats and other luxuries. Compulsive gamblers picture themselves leading a pleasant and gracious life, made possible by the huge sums of money they will accrue from their “system”. Servants, penthouses, nice clothes, charming friends, yachts and world tours are a few of the wonderful things that are just around the corner after a big win is finally made. Pathetically, however, there never seems to be a win big enough to make even the smallest dream come true. When compulsive gamblers succeed, they gamble to dream still greater dreams. When failing, they gamble in reckless desperation and the depths of their misery are fathomless as their dream world comes crashing down. Sadly, they will struggle back, dream more dreams and of course suffer more misery. No one can convince them that their great schemes will not someday come true. They believe they will. For without this dream world, life for them would not be tolerable.
Archives of “wonderful things” tag
rssJIM CHANOS: Charity Can Be A Sign Of Fraud
Legendary short seller Jim Chanos gave an extensive interview to Salon.com about how to spot fraud and corruption in business.
It’s an incredible coincidence that the story was published today, since the news broke that former Enron CEO Jeff Skilling, a man Chanos helped put behind bars, could be getting out of jail early.
Enron is held up as the paragon of 1990s corporate greed. There, not everything was as it seemed despite excellent press all over the business world and a great reputation.
The point is that companies can build amazing brands without being amazing businesses, and as Chanos points out, part of that brand can be doing charity work. (more…)