If it goes above that, then I took the gamble and lost.  

That doesn't seem like a good investment to me, it becomes very much a gamble on appreciation. 

If so, am I basically taking a gamble at purchasing through an auction? 

Las Vegas will have its first major national sports team (NHL), Faraday Future is a new electric car company that is building a huge manufacturing facility, (not putting a lot of emphasis on this because it can possibly flop you know like Fisker).

. :)Not sure were this cash flow is gold and appreciation is gambling ever came from...

I recently been trying to pick up the sport of golf!

I played football for Okstate, so I can bring experience from my sport career as well.

I am a behaviorist and a sports coach.  

It requires extensive experience, but you have to be willing to gamble a little bit to be successful.

While we were never overtly irresponsible with money (i.e. gambling debt, drug habits, credit cards, expensive cars), we moved many times, did PhDs, and spent the better part of our 20's and 30's doing things that might have been personally enriching, but were at some level exploitative of our time and not financially beneficial.