Why Can’t We Bet On Elections? by NPR
You can bet on all kinds of stuff. Who is going to win the Super Bowl? What color will the Gatorade dumped on the winning coach be? But one thing is clearly off-limits: elections. In America it’s mostly illegal to bet on the next president. But why?
On today’s show: two stories from when people were allowed to bet on the elections of some of the most important positions in the world. What happened, and why betting on elections might not have been such a bad thing.
Walter Schloss’s Wisdom
Walter Schloss was a legendary value investor and some might call him the last traditional value investor. Schloss was an old school value investor. He looked for bargains on a price-to-book basis, preferring stocks that were trading at 52-weeks lows over other opportunities. He spent several years working with Benjamin Graham before moving off to Read More