Listen "#E10: Lottery, Dubai Duty Free and Raffle Draws"
Episode Synopsis
"No Need to Be Jealous of Lottery Winners" - Warren Buffet
In this episode, we discuss the lottery business and the space it occupies in our society. We go into the weeds and talk about the profitability of this operation, the vulnerability of its targetted audience, the behavioral tendencies these products create, and how it lands up shaping the mindset of millions of Investors in modern times. Lottery may not have anything to do with investing, but Investing surely happens for many in a fashion similar to Lottery Ticket purchases.
In this episode, we discuss the lottery business and the space it occupies in our society. We go into the weeds and talk about the profitability of this operation, the vulnerability of its targetted audience, the behavioral tendencies these products create, and how it lands up shaping the mindset of millions of Investors in modern times. Lottery may not have anything to do with investing, but Investing surely happens for many in a fashion similar to Lottery Ticket purchases.
More episodes of the podcast Better Bets
S2 E19# Summing Up Active Investing
29/03/2022
E15# Lessons from a year gone by..
03/02/2022
E14# The Importance of Economic Moats
13/12/2021
E13# Stimmy Checks & Interest Rates
14/11/2021
E12# All that glitters is GOLD
22/10/2021
#E9: Inflation - Is it good, bad or ugly ?
03/09/2021