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 ]