Chapter 7- Question 6 - Dajanka

I am again going to talk about two specific passages that appealed to me the most. The first one is located in the very first part of this chapter where Wheelan is describing different characteristics of the financial market. One of them is speculation. In other words it is a type of very risky and a bit irrational (the financial market is risky and unpredictable) contemplation about the movements in the financial market. You can basically bet on the future price of McDonald burgers and different financial trends. I came across this idea earlier.
Once my friend was having a sleepover at her house. We were eating a lot of good food, playing games, and talking about every imaginable topic. After some time I was asked to find a movie. I turned on my friends computer to find something worth watching. I always knew that she was very interested in the economy. She had the biggest collection of The Economist magazines ever! But, after turning on her computer I found out that one of her favourite online sites is a betting portal where you can bet on increasing or decreasing trends of oil. After I asked her what it was she explained. Then I thought it was crazy, but now I understand.
Another part that I liked was about risk taking and the fact that people who do not fear losing money and taking risks are a lot more well to do than others. It really helped me to look on economy from a different angle. Sometimes there is not a predictable right answer, sometimes you just need to take a risk and then evaluate the consequences.