One of the men deeply involved in the development of Cambodia’s financial system, Dr Ghanty Sam, of the Financial Institute of Cambodia, who is also a board member of the Securities and Exchange Commission of Cambodia, says people should be aware of the downside of investing in any stock exchange, as well as the upside.
When people say they play the stock market, they imply that it’s a game, like gambling at a casino, Ghanty Sam says.
“In gambling, you don’t have the probability you are going to win. The probability is shaky. You are subject to the law of gambling. In investing, you know the probability of winning or losing because you have the information available to make the right decisions,” he says.
“Information is what makes investing different from gambling. Our whole training at the Financial Institute of Cambodia is to teach them how to use the information.”…