Posts Tagged ‘gamble’
Hendrith Vanlon Smith: Past Debts
on Tuesday, June 27, 2023Meaning of Hendrith Vanlon Smith Jr Money Quote: saying Counting on future earnings to pay for old debts can lead straight to bankruptcy. Hendrith Vanlon Smith Jr said:
“When a company relies on future income to pay off existing debts, it’s in a risky situation. That’s a gamble that often results in bankruptcy” — Hendrith Vanlon Smith Jr
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This quote from Hendrith Vanlon Smith Jr suggests that relying on future or anticipated earnings to repay existing debts puts a company in a precarious financial position that can potentially lead to insolvency. Some key points in interpreting his perspective:
- Smith implies that using money expected to be made in the future to pay off current obligations is a “gamble” rather than a sure thing, since future profits cannot be guaranteed.
- He portrays this as a risky approach that leaves the company vulnerable if incoming cash flows do not materialize as projected.
- Smith’s perspective conveys that debt obligations should only be incurred if the funds to repay them with a margin of safety are either already realized or highly probable based on existing business operations and contracts rather than projections alone.
- However, reasonable experts also note that some level of debt, especially for long-term investments, may be prudent as part of a balanced capital structure if the terms are suitable and repayment is well supported based on current cash flows and financial stability.
Overall, the quote reflects Smith’s belief that relying on speculative future earnings to repay debt places a company in a precarious position. But the best interpretation also considers that responsible use of leverage as part of comprehensive planning, when combined with sufficient reserves, can make sense depending on a firm’s circumstances and goals according to expert financial guidance. Multiple perspectives have merit in discussions of optimal corporate finance strategies.
Neil Gaiman: Lose Money Gamble
on Sunday, November 10, 2019Neil Gaiman Money Quote saying there are actually people who enjoy losing money on slot machines and get carried away by bells and flashing lights. Neil Gaiman said:
“The secret is this: people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots” — Neil Gaiman
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In this quote, Neil Gaiman is providing insight into why many people are drawn to gambling even though the statistical likelihood is that they will lose money. He suggests people are not necessarily gambling primarily to win financially, but rather for the thrill and sense of excitement from the experience itself.
Riding the ups and downs of chance and taking risks provides moments of intense stimulation and absorption that allows gamblers to temporarily “lose themselves” in the momentary highs and lows.
While losing money is usually the logical outcome, Gaiman implies the emotional payoff of feeling alive in those fleeting instances of risk-taking is what truly motivates many to continue gambling despite long-term financial losses. The quote conveys gambling as more of an emotional escape than a rational investment.
Alex Trebek: Losing Money Pisses Me Off
on Saturday, July 22, 2017Alex Trebek Money Quote saying anger comes from losing money gambling and not enough satisfaction from winning to make it worthwhile. Alex Trebek said:
“I don’t gamble, because winning a hundred dollars doesn’t give me great pleasure. But losing a hundred dollars pisses me off” — Alex Trebek
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In this quote, Alex Trebek is explaining his aversion to gambling. By saying that winning $100 doesn’t provide much satisfaction but losing $100 makes him angry, Trebek implies that his emotional experience is skewed towards negativity rather than positivity when it comes to monetary risks and chance-based betting.
The interpretation is that Trebek views gambling as an activity where the potential downsides outweigh the upsides due to losses stinging more acutely than equivalent wins can please. His perspective conveys that risking money provokes stronger unpleasant feelings than winning provides satisfaction when modest stakes are involved.
Overall, the quote suggests Trebek’s attitude stems from believing potential anger or frustration outweighs fleeting joy, making gambling an unappealing gamble emotionally as well as financially in his view.
Birthday: July 22, 1940 – Death: November 8, 2020
Elayne Boosler: High Risk Investments
on Tuesday, March 28, 2017Funny Money Quotes: gambling on risky investments can later mean bitter complaints unless you measure what you can afford and choose wisely. Elayne Boosler said:
“I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble” — Elayne Boosler
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In this quote, Elayne Boosler is acknowledging that she voluntarily took financial risks in the past by investing money in speculative opportunities, with an understanding that she could lose some or all of those funds.
The key aspects are that the investments were her “informed choice” based on her own research and risk tolerance, and she viewed it as her prerogative to take a “measured gamble” that might not pay off. By saying she has “no complaints” about losses from such investments, Boosler suggests that when risks are knowingly taken, one has to accept the potential outcomes without resentment.
The overall message seems to be about taking responsibility for one’s own investment decisions and not faulting the system if high-risk bets don’t yield high rewards.