Sunday, 24 April 2016

Share Market : Gambling or Skill ?

Recall this scene from Mahabharata .. Shakuni along with Duryodhan playing game of dice with Pandava .. was it just a gambling ? If yes, how come Shakuni was so confident of winning this ? Recall his facial expressions in all the episodes we have seen on TV.





http://image.indiaopines.com/wp-content/uploads/2014/06/Shakuni_Dice.jpg

My view is that, yes, this was just a gambling session for Pandava.. and that is why they kept playing the game despite losing, with hope that they will win in next chance. But for Shakuni this was not a gambling session. He was master of the game. It is said that Shakuni created his set of dice using the bones of his father's body. It is said that this was the reason why his dice always obeyed him – his father's soul resided in the dice. Whether this is true or not but it means he knew his dice and art of throwing the dice very very well. He knew the outcome. 

This is same with share market. If you come unprepared and buy or sell shares just like that then it is pure gambling with probabilities stacked against you. You may win once a while but, in most cases, you will give away the gains to market. But if you know the art of stock picking and have skills to sustain the game then your chances of making money in the market are very high..because 95% of the participants come in this unprepared. 




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