Jaspreet Singh
👤 SpeakerAppearances Over Time
Podcast Appearances
Well, I wouldn't say investing is gambling.
Before we do that, I do want to address what you're saying about the entire, the gambling industry being so popular because of the way the economy is.
Because this isn't the first time we've seen something like this happen.
Las Vegas didn't get built because people wanted to get out of a bad recession.
When the 2008 recession
boom and bust happened.
It wasn't because people felt like they were poor.
It's people wanted to get richer.
During the mid-2000s time, people didn't feel like I'm being left out of the economy in the sense that, oh my God, everybody is rich.
I can't afford life.
It's I want to get richer because everybody who buys a house is getting rich.
So let me go buy six houses under my cat's name because the bank is going to write any check that they want.
Same thing in the 2000 crash.
Not to mention, if we take a look at sports betting,
The average 18-year-old, 21-year-old, 22-year-old who is betting on the Lakers or the Lions, they're not that feeling, I feel like I'm left out of the economy.
It's because I'm still in college.
All of my friends are making money and betting on sports betting.
It makes games more interesting.
It's become cultural.
Yes, I do think now there is a new aspect, which is I feel left out.