The Stock Market Is Like The Tote
a: The stock market ~
b: a Tote Board
What: "Having a fixed rate would be like nationalised horse betting where the odds on each horse were identical! The stock market is like the Tote where the number of people wanting each stock changes the odds and so the return." The "tote" refers to the tote board, which is the large board at racetracks that tally the odds and the race results.
Useful?
Writer: mgb_phys
LCC:
Where:
Date: Aug 9 2011 12:40 PM
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