Do you know that www.partypoker.com, the worlds biggest online poker betting website hosts more or less 80,000 online live poker players in day? This is no ordinary achievement for a poker venture that had just opened in 2001 and had at most 40% upsurge in user traffic. From a mere brick-and-mortar betting to online scenario poker gaming at large have cached in 500 to 500 percent patronage close to that period heralded by the triumphant dawn of online technologies.
Wall Street deemed no radical difference with this gambling institutions. In fact, those figures above are blurred by Wall Street’s financial inner workings. Mutual Fund alone accounts to $7 Trillion worth of asset in 2004 alone. NYSE quoted $84 million investors and shareholders in the dawn of year 2000, that accounts to 43.6 percent of America’s adult population and might be true as well to some other countries.
Mr. Jay Gould, a railroad investor and financier is notoriously known as “The Devil of Wall Street” for his cunning skill of separating people from their money. When one time he was attending a church service, a minister asked him on what to do with the hip of cash worth $30,000 that had fallen into the congregation’s lap. Gould quoted the minister to invest it into Missouri Pacific Road. So did the minister, who became exhilarated with the spell of the stock’s exponential growth. But not for long when the stocks started to dip down to less than 50 cents a share. Distraught by the misfortune, he poured all his woes to Mr. Gould. But the guy flipped a check and paid the entire loss to the minister. Then the minister hinted Mr. Gould that despite his prohibition, he told him that he had disclosed the stock tip to his members. “Very well, as a matter of fact, they were the ones I was after,” exclaimed Mr. Gould.