Quote:
Originally Posted by Alobar
since when do we feel bad for people educated in the word of gambling who take the wrong side of a bet? This isnt some off the street sucker, there isnt some arbitrary line where someone who knows the ins and outs of gambling gets a pass because they took a ****ty bet. Otherwise the punter112345's of the world are just freerolling you.
I agree with you.
I don't feel bad if Goldman Sachs makes an investment in a complicated and risky financial "asset" that turns to ****, because they have the competency to make that judgement. But I feel bad if Mom + Pop investors do - because I suspect they'd have been misled to make the investment.
It is, however, possible to deliberately swindle Goldman Sachs in some ways (eg, by misleading them somehow) which would make GS a victim of fraud etc.
I don't know what happened here, which is why I don't understand why the bet is happening at these odds. It seems likely that the guy going into solitary confinement is probably either an idiot (unsophisticated Mom +Pop investor in my analogy) or maybe a victim of fraud. It is, of course, possible that I'm an idiot and there's something I don't know. I don't like any of those three options. I don't see how else to explain this.