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Do you have a clue?
Certainly appears not to be so. If a house burns down? What do you think the land is worth??? If a horse dies? fair dinkum ....A horse race is guaranteed to be over in a matter of mins, whereas a horse generally lives for several years - if it dies suddenly - that's bad luck. ....... An asset is something that creates a revenue stream over a period of time. Given that investing is buying assets, how does a ticket create an ongoing revenue stream? - be it a winning ticket or a losing ticket. Try and go to a bank and tell them you plan to buy $100,000 worth of assets - then say that these assets are betting tickets for horse races - gee I wonder if they'll lend you the money??? .... [ This Message was edited by: quapi on 2002-05-30 21:05 ] |
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