From my very shallow understanding of the Korean market it's common to invest in high risk shares because a big win is the only way to afford a nice home. Financial nihilism, risk appetite etc. So it's far from only rich people.

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bigfishrunning a day ago | parent | next [-]

But if an investment doesn't pan out, and your response is "My life's screwed", you couldn't afford the investment either. "high risk" is right in the name -- the win isn't guaranteed.

If you are in the unfortunate position of not being able to afford a nice home, live somewhere less nice and try to build savings so that some day your children can afford a nice home.

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duttish a day ago | parent | next [-]

Now I'm on very thin ice and just based on youtube videos so if someone from South Korea reads this feel free to correct me.

As I understand it the order of things for men* in SK is 1) housing 2) marriage 3) children

No housing means no wife means no children to afford a nicer home. So, they're incentivised to take big risks.

But I'm going to step out of this minefield now with the hope of someone who actually knows things providing some information. It just seemed like the original comment didn't give enough weight to context.

*Women in SK are as I understand it fighting a whole other battle.

	▲	lotsofpulp 21 hours ago \| parent [-]
		That seems the same as anywhere else in the world where women have the option to be independent. It even applies for many other species.

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Archio a day ago | parent | prev [-]

>But if you get caught stealing bread, and your response is "My life's screwed", you couldn't afford the risk either.

>If you are in the unfortunate position of not being able to afford bread, eat something less expensive and try to build savings so that some day your children can afford bread.

See how this works when you conveniently dismiss the effects of severe structural problems in society as evidence of poor financial literacy?

	▲	bigfishrunning a day ago \| parent [-]
		I recognize that there's something I'm severely misunderstanding here. In order to "win big" in the stock market, you generally need to invest big -- i would assume people investing big in the stock market aren't literally homeless; they likely rent some kind of room or apartment. Equivocating it to "stealing bread" seems a little extreme. If the supply/demand curve of housing is so extremely upside-down that the only way to get ahead of it is gambling, then maybe they shouldn't be increasing the population -- at the risk of sounding a bit heartless, it seems to me like the only real choice is to leave; a peninsula that's locked from the mainland by an enemy like north Korea means that resources must be too scarce for their population.

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rstuart4133 16 hours ago | parent | prev [-]

> invest in high risk shares because a big win is the only way to afford a nice home.

Here I was thinking The Squid Game was a work of fiction.