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?
Investment banks, and asset management firms etc are located in rich areas because they are looking for rich people. They aren't targeting poor people, because they aren't bringing in enough money.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?
And rich people don't hang around in poor areas and it's about branding for them. It's not good look for an asset management firm when they can't even afford a good property. And serving people high high end clothes gives a sort of vibe that they must be doing something right. But comparing these places to gambling sites is a weird comparison in the first place. Of course cities have places for betting too, but they also have higher rent and since poor people can afford some gambling, it just makes sense to offer those services in low rent areas, just like other services they can afford.
Just like you won't put a luxury item shops and fine dining michelin star restaurants in the poor area either.