I figured out why I hate gambling so much. It’s because I hate to lose. I really, really hate to lose, and whatever pleasure I gain from winning is overpowered by how much I suffer from losing.
Any activity that even remotely resembles gambling produces this reaction. What we call “investing,” in real estate, precious metals, the stock market…to me it’s all simply gambling.
All activities pose a certain amount of risk. If you believe in the magical power of certain prayers, then the time you spent praying was wasted time. Time lost. If you borrow money from banks to make real estate investments, then you’re almost certainly a loser. If you did this in 2008, as I did, then you were an idiot. If you worked for Goldman Sachs, then you were a winner.
Plunging in recklessly beyond your depth is a good way to find out how little you enjoy gambling.
Since I can’t dig myself out of a hole, the only thing I can do to remedy my situation is stop digging. Stop in this hole and in any other holes I might be inspired to create.
There’s a practical reason to narrow my focus besides avoiding the pain of loss from games of chance. I only have so much I can pay attention to. As I grow older, I find the beam of my attention grows narrower. Time grows short, and simply taking care of what’s in front of me is all I can hope for. So no more “investing” for this retiree on a fixed income.