Everyone gambles (read the whole post if you are not a gambler or if you are an addicted gambler) but not everyone is called gambler and do you know why some of us takes risk although in layman terms it is called Gamble but Sophisticated people call is as “calculative risk” . In Gambling world, it is a proven fact that the more you gamble the more you lose, yet people gamble even if it is their last day on earth. Being impulsive when buying stocks or while shopping can you give you a quick ego boost or satisfaction but it is not called calculative risk, there are more chances that the investment you made might not prove to be a good one. As warren buffet rightly said
“If you buy things you do not need, soon you will have to sell things you need.”
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