Wednesday, January 19, 2011

Bill Walters Sports Betting

Very interesting at the end of the video he states that all of his major losses that he remembered occurred in the stock market. All of the stocks he mentioned were accounting fraud issues Enron, World Com, and Tyco. Just google Bernard Ebbers, Dennis Koslowski, Ken Lay, Andrew Fastow, or Jeff Skilling. Those guys in suits and ties are a dangerous bunch. There's still way too much debt in the system currently that needs to work itself through.

1 comment:

Cousin Leon said...

Gambling is subject to hard and fast rules, so if you know what you're doing it presents opportunity for success. The stock market is subject to rules that are selectively enforced, so even the best can get hustled. It's like playing in a fantasy football league, dominating the league all season, then having the commissioner change the rules at the end so you don't make the playoffs. It's impossible to come out ahead under that scenario. Cousin Leon would own Laura Logan in oh so many ways.