http://www.arktimes.com/ArkansasBlog/archives/2012/12/10/arkansas-lottery-trumpets-300-million-in-scholarship-money Comments On: Arkansas Lottery trumpets $300 million in scholarship money by Lindsey Millar en-us Copyright 2013 Arkansas Times. All rights reserved. This RSS file is offered to individuals, Arkansas Times readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact Arkansas Times. robert@arktimes.com (Arkansas Times Webmaster) Mon, 20 May 2013 00:00:01 -0500 Mon, 20 May 2013 02:45:00 -0500 Foundation http://blogs.law.harvard.edu/tech/rss Posted by Sound Policy]]> Tue, 11 Dec 2012 22:32:48 -0600 Arkansas Times
Your stock may or may not pay a dividend. The value of your stock may increase, decrease, or remain the same. So when/if you sell your share of stock, you may realize a profit, suffer a loss, or break even.

When you pay tuition, books, room, board, etc., to gain a college education, you pay for the knowledge, information, and understanding you gain; you invest in yourself and your future performance.

Your performance may or may not pay a divided. Your value may increase, decrease, or remain the same. So when you come to the end of your days, you may realize a profit, suffer a loss, or break even.

When you buy a lottery ticket, you own a piece of paper; you have invested in the performance of the numbers--or other symbols--printed on that piece of paper.

Depending upon the numbers--or other symbols--your piece of paper may or may not pay a dividend; that is, your piece of paper may produce either a profit or a loss; its value will not remain the same. There is no "break even" in a lottery [although I could be wrong if there is a payout equal to the price of the ticket; since I don't play the lottery, I don't know].

But the value of your piece of paper will not increase over time; it is an all-or-nothing-at-all proposition with more or less immediate results.

Now, if you cannot see the difference between buying a share of stock as an investment in a company and its future performance, or paying for a college education as an investment in yourself and your future performance, and buying a lottery ticket with its immediate performance, you need a lot more help than I can provide on this blog!

IMHO

[Disclaimer: Other than the stock-based retirement plans of various of my employers, I have never owned a piece of stock in my life. Still, I must confess that those employers' programs performed very well and I benefitted significantly. On the other hand, I have also never bought a lottery ticket. Even so, I don't think I would have felt very secure investing for my retirement in lottery tickets.]
Posted by SkyPilot]]> Tue, 11 Dec 2012 16:09:00 -0600 Arkansas Times Posted by Cato]]> Tue, 11 Dec 2012 15:10:20 -0600 Arkansas Times Posted by eLwood]]> Tue, 11 Dec 2012 13:09:10 -0600 Arkansas Times Posted by Sound Policy]]> Tue, 11 Dec 2012 12:21:02 -0600 Arkansas Times Posted by I_AM_THE_NRA]]> Tue, 11 Dec 2012 11:09:06 -0600 Arkansas Times Posted by jrb]]> Tue, 11 Dec 2012 07:28:45 -0600 Arkansas Times
I spent $10. Thanks for picking up the slack for me guys!
Posted by ironfortified]]> Tue, 11 Dec 2012 07:05:29 -0600 Arkansas Times
http://cdn.svcs.c2.uclick.com/c2/37b810609…
Posted by Cato]]> Mon, 10 Dec 2012 22:04:56 -0600 Arkansas Times Posted by Doc]]> Mon, 10 Dec 2012 21:05:40 -0600 Arkansas Times Posted by Self Appointed Arbiter]]> Mon, 10 Dec 2012 20:59:26 -0600 Arkansas Times
What a sad, sad endeavor! And I didn't even touch on all the addicted 'players' that have been all but ignored, except by the families they have and still are hurting.
Posted by Sound Policy]]> Mon, 10 Dec 2012 20:41:51 -0600 Arkansas Times Posted by plainjim]]> Mon, 10 Dec 2012 20:18:43 -0600 Arkansas Times Posted by eLwood]]> Mon, 10 Dec 2012 19:24:42 -0600 Arkansas Times
And thanks to former Lt. Gov. Bill Halter who masterminded the Arkansas Lottery after other people had tried for decades to git her done, as they say. With all these Arkansas kids now able to get an affordable education....we'll feel the effect in 10 years or so and be even happier then when smart folks start running our political parties and start taking over the reins of government.

Someday Arkansas won't be 48th in everything and we'll mainly have the Arkansas Scholarship Lottery to thank for that. Hope I live to see that day!
Posted by DeathbyInches]]> Mon, 10 Dec 2012 18:59:18 -0600 Arkansas Times
"There is no good thing that cannot be abused."

IMHO
Posted by SkyPilot]]> Mon, 10 Dec 2012 18:55:09 -0600 Arkansas Times Posted by couldn't be better]]> Mon, 10 Dec 2012 17:45:46 -0600 Arkansas Times