Posts Tagged ‘casino’

Peter J. Tanous on Stock Market Gamblers

Posted by admin on Saturday, August 24, 2013

Peter 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 Quote
 

“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.

Jack Yelton: Casino Fortune Size

Posted by admin on Friday, May 20, 2011

Funny Money Quotes: There’s little question that everyone accepts they will have less money after a visit to a Casino, but we always hope we’ll be the exception and win the jackpot. Jack Yelton said:
 
There is a very easy way to return from a casino with a small fortune: go there with a large one Quote
 

“There is a very easy way to return from a casino with a small fortune: go there with a large one” — Jack Yelton

 

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Jack Yelton seems to be humorously pointing out that the only reliable way to leave a casino with more money than one entered with is to start with a significant amount of wealth. The quote implies that gambling at casinos is essentially a game of chance where the house/business has statistical odds in its favor over time.

So unless a player has deep financial reserves (“a large fortune”), regularly betting or playing games there is more likely to result in losing money than gaining it (“a small fortune”).

In essence, Yelton is acknowledging the risk involved in casino gambling and suggesting the only strategy for a “sure” profit is to wager amounts that won’t significantly impact one’s overall wealth.

Money Quotes Daily

Money Quotes Daily