Better Bets

#E10: Lottery, Dubai Duty Free and Raffle Draws


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"No Need to Be Jealous of Lottery Winners" - Warren Buffet

In this episode, we discuss the lottery business and the space it occupies in our society. We go into the weeds and talk about the profitability of this operation, the vulnerability of its targetted audience, the behavioral tendencies these products create, and how it lands up shaping the mindset of millions of Investors in modern times. Lottery may not have anything to do with investing, but Investing surely happens for many in a fashion similar to Lottery Ticket purchases. 

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Better BetsBy JAI & MANISH