Re: Gambling/betting shops vs Investment banks - Do you believe this guy's opinion?
So guys, I found the below shot In one of my friend's story on WhatsApp, it is a shot of a popular Nigerian musician known as "Erigga - I believe that my Nigerian brothers here will know him well.
He was actually talking about the importance of investing to make money, but in emphasizing this, he talked about gambling houses and betting shops; only being found in Poor neighborhoods, while investment banks, equity firms, asset management firms are only found in rich neighborhoods.
While I tend to agree with what he said about making money generally, i am still trying to find any reason to believe that the emphasis he used is true, that is, I do not believe his opinion about gambling house verses investment banks to be true.
What do you guys think about this?
what he's probably familiar with is the regular sports betting which is more in local environment due to the higher population of people in those location. It's more about choice of gambling and not always about sports betting. Most people in an environment that's occupied by rich people might not visit betting shops that frequently but that doesn't mean that they aren't sport betters. It's just like considering the numbers of sports viewing centers we have in a typical estate to the number we have in a typical Nigerian street. We all know that most estate don't have a lot of sports viewing centers even though they actively watch h football. Can you conclude that because there are fewer viewing centers at most Nigerian estates that the poor people watch more matches than those living in a more serene environment? That's far from it.He was actually talking about the importance of investing to make money, but in emphasizing this, he talked about gambling houses and betting shops; only being found in Poor neighborhoods, while investment banks, equity firms, asset management firms are only found in rich neighborhoods.
While I tend to agree with what he said about making money generally, i am still trying to find any reason to believe that the emphasis he used is true, that is, I do not believe his opinion about gambling house verses investment banks to be true.
What do you guys think about this?
Investment isn't same with gambling and the primary customers of an investment firm isn't same with those that are interested in gambling. Because of this difference, it's understandable to know that if you're considering establishing an investment site you wouldn't opt for an environment where you wouldn't have more customers. Poor people might not be too interested in making some of these huge investments offers these big firms bring to the market and that's the basic reason why there site isn't situated in such areas.