Seeing Stock Market as Gambling is a complex issue in most Indians views. The 5 major contributing factor to such issue are as under :- 1. Lack of Financial Literacy • Misconceptions : Many individuals do not have a strong understanding of how the stock market works and get effected by become-early-Read more
Seeing Stock Market as Gambling is a complex issue in most Indians views.
The 5 major contributing factor to such issue are as under :-
1. Lack of Financial Literacy
• Misconceptions : Many individuals do not have a strong understanding of how the stock market works and get effected by become-early-rich schemes.
• Lack of knowledge : Many people lack basic financial knowledge, including how the stock market works, the difference between investing and trading and risk management.
2. Impatient Mindset
Most beginners approach the stock market with a short-term mindset, looking for quick gains rather than long-term growth. This speculative approach aligns more closely with gambling.
3. Indian Culture against Risk
Traditionally, Indian culture has favored safe and tangible investments like gold and real estate, simply emphasis on avoiding risk. The concept of investing in stock market seems negative to Indians.
4. Volatile & Risk Nature
The stock market is inherently unpredictable, with prices fluctuating based on various factors. This unpredictability can make it seem like gambling, where outcomes are uncertain and lead to significant financial losses.
5. Effect of Investment Scams
Indian stock market had faced instances of various scams and fraudulent activities, such as the Harshad Mehta scam in the early 1990s. These events have made a perception of the market as a risky and manipulative places.
See less
The debate over whether art and literature should merely exist for visual and aesthetic pleasure or serve a more profound purpose has been a longstanding discourse in aesthetics and literary criticism. Leaning toward the argument that art and literature should serve a purpose, one finds a rich tradiRead more
The debate over whether art and literature should merely exist for visual and aesthetic pleasure or serve a more profound purpose has been a longstanding discourse in aesthetics and literary criticism. Leaning toward the argument that art and literature should serve a purpose, one finds a rich tradition of thought that supports the view that these forms of expression are not just for passive enjoyment but are integral to cultivating human experience, moral insight, and societal progression.
See lessSince Aristotle’s time, the purpose of art and literature has been a subject of philosophical inquiry. In his seminal work “Poetics”, Aristotle argued that art, specifically tragedy, serves a cathartic (Purging of feelings such as pity or fear) purpose. He suggests that art is intrinsically tied to human psychology. In Friedrich Schiller’s “Aesthetic Education of Man”, he posits that art has the potential to reconcile the rational and sensual aspects of human nature. From Bakhtin’s dialogism to Edward said’s concept of orientalism depicts how literature is often used to perpetuate different discourses.