Tag

gambling

Understanding Monte Carlo

By | The Friday Brief | No Comments

What is it about a glitzy gambling city on the Mediterranean, known as Monte Carlo, that could possibly diminish or eliminate the gamble we often associate with our lifetime-investing and planning? A second question sheds light on the first. Where do you think all that money comes from to buy all the glitz? The gamblers of course. The ‘House’ at Monte Carlo wins ‘bets’ far more often than the folks coming for the entertainment. The odds favor the HOUSE and Monte Carlo is a shining example of a well-managed house. But even in Monte Carlo, the possibility exists that on

Read More