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?
Well in my opinion I will say it all depends on the kind of gambling house he is making reference to because the biggest casinos I have every seen are mostly in the rich neighborhood and only the average ones are found elsewhere, bigger casinos cannot be in poor neighborhood because they cannot literally afford such luxury from entertainment but with the other shops and average ones, the "poor" can afford it. The issue about the investment banks and other assets management firms are actually true because their customer base are in the rich and industrial neighborhood, that's a natural business strategy almost every business entities employed, taking their business to their customer base and not waiting for their customers to come looking for them.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?