4.7 • 9.2K Ratings
🗓️ 29 December 2025
⏱️ 9 minutes
🧾️ Download transcript
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| 0:00.0 | Hey everyone, Daryam Woods here. Happy holidays. For the next week, we're running some of our |
| 0:06.0 | favorite shows from this year. Today's episode is about gambling addiction and the stock market. |
| 0:11.6 | NPR. Chris Gava got interested in the stock market around 2010. |
| 0:27.7 | I had some savings and I thought there's no point in them being in, you know, saving |
| 0:32.7 | his accounts because the interest was so bad. |
| 0:34.9 | Chris started with what he describes as a sensible investment strategy. |
| 0:39.2 | He bought shares in a range of large companies listed on the main British stock exchange. |
| 0:43.8 | But the deeper I got into it, you start going into forums and people start recommending stocks |
| 0:50.0 | and you see some of the returns that were happening. |
| 0:52.8 | And then that kind of opened up another world. |
| 0:58.6 | It was a world of buying smaller, more volatile companies |
| 1:02.2 | or using special trading contracts in ways that magnify your gains or losses. |
| 1:08.3 | Chris remembers investing in one company prospecting for oil. |
| 1:12.0 | News hit over a new discovery, and in two days I'd made over 80,000 pounds, and I thought, right, |
| 1:19.6 | you know, I can make some serious money here. |
| 1:22.7 | 80,000 pounds is about 100,000 US dollars. And Chris saw what he was doing as investing, an intellectual |
| 1:30.0 | hobby on the side of his day job in digital media. What he didn't think was that his trading could be |
| 1:36.1 | gambling. This is the indicator from Planet Money. I'm Waylon Wong. And I'm Darian Woods. |
| 1:41.2 | Buying and selling quickly on the stock market is known as day trading. |
| 1:44.8 | And with the dawn of apps like Robin Hood and Weeble, winning or losing fortunes is easier than ever. |
| 1:51.9 | So is day trading gambling? Today on the show, we hear Chris's story and we speak with a neuro-economist about the human brain on day trading. |
| 2:14.5 | After his big win, Chris Gava started to lose money on his investments. |
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