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Barry Ritholtz: Powerball Isn't Investing And Vice Versa

FYI: ( Today is my birthday, 79, and guess what my powerball number is ? 13)

Americans spent more than $70 billion on state-run lotteries. To put that into context, that’s more money than Americans spent on sports tickets, books, video games, movie tickets and music plus all of the apps, games and programs bought from Apple’s iTunes App Store — combined.
That’s a ridiculous amount of money.
Regards,
Ted
http://www.bloombergview.com/articles/2016-01-13/powerball-isn-t-investing-and-vice-versa
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