Will’s Quarterly Perspectives
Practical perspectives on investing, financial planning, and stewardship.
Investing Is Not Gambling!
Sports betting has exploded in popularity. Prediction markets now allow people to wager on everything from election outcomes to economic data releases and even cultural events. At the same time, social media continues to promote stories of people chasing quick profits through speculation.
Unfortunately, many people, especially younger investors, are beginning to confuse speculation (gambling) with investing.
They are not the same thing.
Crude Reality, Calm Perspective
I hope you’ve been well since my last letter and are enjoying the deceptive peeks of spring weather (for those of you here in the Midwest).
I try to avoid rehashing current events in these articles since they get enough news coverage as is, but I’d be remiss not to touch on the war with Iran and the closure of the Strait of Hormuz which have pushed oil prices higher and led to increased market volatility.