The Mahabharata is a scripture which
conveys all the eternal teachings in a story form hence, guides us to
differentiate right from wrong.
With the example of the Pandavas who lost
everything in gambling, the scriptures tell us that those who cheat are winners
in gambling-- like shakuni who was on the side of the kauravas, cheated and
made the pandavas lose all.
After the war the Kauravas lost
everything they had won
So the scripture clearly warns us
that
(1)
one cannot win by gambling
(2) those who cheat win
(3) Further no one can keep the
wealth he has earned by gambling—it brings no true benefit. Ultimately one
loses all such accumulated wealth.
Because only virtue can bring true benefit—hard work
is virtue which brings benefit not gambling.
I am writing this article because now
a days speculation has become a trend in the shares and commodities markets—the
so called futures trading.
Futures trading or trading in other
derivatives is when you buy more than the money you have and sell the things
you do not have.
Example—if one feels that the price
of share or commodity is going to go up he will buy the quantity for which he
does not have money, so he cannot take delivery he can only adjust the loss or
profit as per price fluctuation.
Similarly if he feels that the price
of share or commodity is going to go down he will sell it without possessing
the same again he will adjust only the profit or loss again as per price
fluctuation
The powerful who can manipulate the
markets for a certain time are the winners rest common man lose all.
However markets are eternal, they
were present since eternity they will always be there, so no one can manipulate
them for long.
In the seventy’s the billionaire bunker
brothers and the royal family of Saudi Arabia; speculated in silver it ended in
a disaster.
Time and again we hear big names that
control the markets but they all vanish.
Futures markets are for a legitimate
purpose of booking trades in advance to safe guard against price fluctuations
or for hedging that is safe guarding against risks----people who just try to
make fast money always lose.
I have learned this the hard way; if
after reading my article it brings about a change in someone, it will make me
very happy.
