Philosophical Camp: Concluding Lecture

February 21, 2011 |

English; Baroda, Gujarat, India

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Question: I am presently pestered by a question that is answered in different ways by different making conundrum more complex. Finally, I was directed to this page by Vishnujana Prabhu. I want to know if I am pursuing a career that involves investments in stocks, will my income be counted under an income that has come out of gambling?… Expand>

Question:

I am presently pestered by a question that is answered in different ways by different making conundrum more complex. Finally, I was directed to this page by Vishnujana Prabhu.

I want to know if I am pursuing a career that involves investments in stocks, will my income be counted under an income that has come out of gambling? I am studying the scripts for days and nights and only after that I come to a decision whether to buy or sell.

What is gambling in stock market? In finance gambling can be labelled as a trade done under somebody else's recommendation or without studying the script before you enter it.

My friend once went to a casino in Singapore. He started putting money there and started earning regularly. After few days he was banned from entering that casino. The reason was he was claimed to be studying the whole game and then entering it. They said "you can only gamble here but can't study. The casino demands that you only gamble here. 

Studying before putting money is not allowed." It is quite clear that anything that takes sweat and toil cant be labelled as gambling. Are the people doing MBA in finance or the financial analysts gamblers? It is very easy to say yes for a person who dont have an inkling of what finance is but ask the person who is striving to make his bread and butter out of it.

I need Maharaja's opinion on this. So that I can work on it. I shall respect Maharaja's decision wholeheartedly.

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