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Roll them bones

“The line between gambling and investing is artificial and thin. ┬áThe soundest investment has the defining trait of a bet (you losing all your money in hopes of making a bit more), and the wildest speculation has the salient characteristic of an investment (you might get your money back with interest). ┬áMaybe the best definition of ‘investment’ is ‘gambling with the odds in your favor.'” — Michael Lewis, The Big Short

Published inEconomicsMichael Lewis

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