Peter J. Tanous on Stock Market Gamblers
on Saturday, August 24, 2013Peter J. Tanous Money Quotation saying investing in stock market is not a game of luck, when it is not random and lucky doesn’t pay off. Peter J. Tanous said:
“People look at the stock market like a big casino where some lucky gamblers win. Not true” — Peter J. Tanous
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In this quote, Peter J. Tanous is challenging the common perception of the stock market as a place of chance where some people get lucky by betting on big winners.
He argues this view is incorrect. Tanous seems to be suggesting that success in the market requires more than just random gambling or luck – it involves research, analysis, strategy and an understanding of economic and company fundamentals rather than depending on chance outcomes.
The quote conveys Tanous’ perspective that while the stock market may appear like a casino superficially, long-term achievement actually depends more on disciplined investment skills applied over time rather than on mere luck or betting instincts.