The Art of Tetman Callis

Some of the stories and poems may be inappropriate for persons under 16

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Roll them bones

June 23rd, 2011 · No Comments

“The line between gambling and investing is artificial and thin.  The 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).  Maybe the best definition of ‘investment’ is ‘gambling with the odds in your favor.'” — Michael Lewis, The Big Short

Tags: Economics

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