OPINION:
The casino training room is a great place to learn about investment. Inside there are several roulette tables laid out with stacks of sparkling chips, just like in a casino. The trainers stand over apprentice croupiers who take it in turns to practice dealing roulette.
However, the real lessons are learnt by the other rookies who are all provided with stacks of chips to give the dealer a workout. In this way you can try to beat the house running through all your theories about lucky numbers, doubling up losses, going with your gut, looking for streaks, "to the moon", or whatever other nonsense you have about your ability to beat the laws of probability. It's a decent education in unregulated financial markets and it doesn't cost you a penny. (Spoiler alert: you will lose.)
Of course, the casino training room is not available to everyone and sadly a lot of inexperienced investors have been learning the hard way in the wild west of crypto markets where the cost of tuition can be everything you own. Currently, Bitcoin is down 70 per cent from its high last November and two trillion US dollars have been wiped out. The nature of the collapse means that things may have got far worse since I wrote this article five minutes ago. Celsius, a crypto "bank", had to cease trading after pressure from nervous investors wanting their money back. Still, if you deposit your money anywhere offering you a return of 18 per cent then what did you expect?