Monday, September 28, 2015
Eleanor Oakman: Chapter 7, Question 6
Reading about the example of investing in the long run (near the end of the chapter) made me think about more examples of investing in the long run. In chapter 7, Wheelan uses the examples of casinos and winning big money, it is a set back for the workers in the moment, but in the long run more and more people come and play to try to win big only to lose and increase the workers pay check. There might be setbacks at first but in the long run it will help. Reading this I thought of how paying for college is almost like an investment for the long run. Sure, college costs a ton of money, and you will be in debt for a while, but because you pay for college and go and get degrees, you have a better change in making more money in the future. If you didn't go to college, there is a bigger chance that you will have less money in the future. Investing in college hopefully will help in the long run.
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