Posts Tagged ‘gambling’

W.C. Fields: Spent Half My Money

Posted by admin on Monday, January 1, 2024

Meaning of W.C. Fields Money Quote: saying You might think money is wasted on alcohol, gambling and women, but Fields got the most from them. W.C. Fields said:

 
I spent half my money on gambling, alcohol and wild women. The other half I wasted Quote
 

“I spent half my money on gambling, alcohol and wild women. The other half I wasted” — W.C. Fields

 

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This humorous money quote from comedian W.C. Fields suggests that he was very free with his money and not particularly prudent with his spending or investments.

By saying he spent half his money on “gambling, alcohol and wild women”, Fields acknowledges indulging freely in vices. But he then jokes that he “wasted” the other half, implying even money not spent directly on pleasures was not invested wisely and just frittered away.

So the quote portrays Fields as someone who enjoyed life to the fullest and did not obsess over financial responsibilities or saving for the future, choosing instead to spend his wealth freely on entertainment and experiences in the moment without concern for long-term security or legacy.

Birthday: January 29, 1880 – Death: December 25, 1946

Charlie Munger: Crypto Gambling

Posted by admin on Friday, February 10, 2023

Meaning of Charlie Munger Money Quote: saying Crypto is not a currency, it is a gambling contract with 100% favor for the house. Charlie Munger said:
 
cryptocurrency is not a currency, not a commodity, and not a security. 
It’s a gambling contract with 100% edge for the house Quote
 

“A cryptocurrency is not a currency, not a commodity, and not a security.
 Instead, it’s a gambling contract with a nearly 100% edge for the house” — Charlie Munger

 

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Charlie Munger considers cryptocurrency gambling rather than a currency for a few key reasons. He believes that unlike traditional currencies which are backed by governments, cryptocurrencies have no intrinsic value and their price is determined purely by speculation. Since the value can fluctuate wildly based on market sentiment, Munger sees it as similar to betting on an unpredictable asset.

He also argues that the structure of cryptocurrency favors those who trade it like a commodity over long-term users, since new coins are often released which dilutes the value of existing holdings. While cryptocurrency proponents view it as a new kind of currency, Munger takes the stance that it lacks the stability and purpose of a normal currency.

Birthday: January 1, 1924 – Death: November 28, 2023 Death:

Sanjiv Chopra: Lottery Win Happier

Posted by admin on Wednesday, December 7, 2022

Meaning of Dr. Sanjiv Chopra Money Quote: saying winning the lottery just can’t make anyone happy and return to their normal in a few months. Dr. Sanjiv Chopra said:

 
Winning a $20 million lottery ticket won’t make you happier. lottery winners spent their money Quote
 

“Winning a $20 million lottery ticket won’t make you happier. Research has shown that after one year, lottery winners go back to their baseline. Some are even less happy. A few probably spent their money on a big mansion or a fancy car. Maybe they spent it all on gambling. But even so, at the end of three months, it’s just a house, it’s just a nice car. You get used to it” — Dr. Sanjiv Chopra

 

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In this quote, Dr. Sanjiv Chopra seems to be summarizing research findings on how lottery wins impact long-term happiness and satisfaction. He notes that while initially exciting, winning a large lottery prize like $20 million does not tend to provide lasting fulfillment, with winners’ happiness returning to pre-win “baseline” levels within a year.

Dr. Chopra suggests this may be because material purchases like mansions and cars that were expected to bring joy lose their novelty over time. His remarks imply that true happiness does not come from fleeting windfalls or possessions, but rather from deeper sources within, and that lottery wins are ultimately just momentary feel-good events that do not change one’s long-term emotional setpoint.

Overall, the quote conveys Dr. Chopra’s perspective that great wealth alone does not equate to enduring happiness or satisfaction.

Jerry Lewis: Gambling Losing Fortunes

Posted by admin on Sunday, August 20, 2017

Jerry Lewis Money Quote saying to gamble is our nature and he’s won a lot and lost large sums of money while gambling because of his love of playing the odds. Jerry Lewis said:
 
Gambling is part of the human condition. I love it. I have the best time gambling. I've been winning fortunes, and I've been losing them Quote
 

“Gambling is part of the human condition. I love it. I have the best time gambling. I’ve been winning fortunes, and I’ve been losing them” — Jerry Lewis

 

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In this quote, Jerry Lewis is openly sharing his enthusiasm and mixed experiences with gambling. When he says it’s “part of the human condition,” Lewis seems to mean that the temptation to take risks for potential reward is natural for people.

He expresses genuinely enjoying gambling for both the thrill and social aspects. Lewis acknowledges he has been very fortunate at times, winning “fortunes.” However, he also admits to suffering big losses after taking chances, showing gambling’s inherent uncertainty.

Overall, the tone suggests Lewis found gambling entertaining but recognized the financial ups and downs. The quote reflects Lewis’ candid perspective that, for him, gambling was a recreational activity that could produce wins or losses as part of its unpredictable nature.

Bernie Sanders: Banking, Not Gambling

Posted by admin on Monday, May 2, 2016

Bernie Sanders Money Quote saying we need to stop Wall Street from speculating with small depositors money. Bernie Sanders said:
 
Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street Quote
 

Banking should be about providing affordable loans to Americans who need to purchase homes and cars, not reckless gambling on Wall Street” — Bernie Sanders

 

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In this quote, Bernie Sanders outlines his view of the proper role and priorities of the banking industry. He believes banks should focus on “providing affordable loans to Americans” seeking to buy necessities like homes and vehicles, which supports the real economy.

However, Sanders argues that “reckless gambling on Wall Street” through complex financial products distracts from this core function. His perspective is that banks would be better fulfilling their social purpose by concentrating on reasonably priced lending to the public rather than high-risk speculation.

The quote conveys Sanders’ position that banking should serve ordinary citizens’ needs, not the profit motives of Wall Street, by orienting their activities around steady consumer and business credit rather than volatility and outsized profits through trading.


 

Henry Ward Beecher on Gambling

Posted by admin on Tuesday, April 22, 2014

Henry Ward Beecher Money Quotation saying you can choose to gamble in various ways – none involve earning or deserving the reward all without value. Henry Ward Beecher said:
 
Gambling with cards or dice or stocks is all one thing. It's getting money without giving an equivalent for it Quote
 

Gambling with cards or dice or stocks is all one thing. It’s getting money without giving an equivalent for it” — Henry Ward Beecher

 

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This quote from Henry Ward Beecher suggests that gambling of any kind, whether with cards, dice or stocks, essentially amounts to acquiring money without providing fair value or work in exchange. The best interpretation is that Beecher viewed gambling as an easy or quick way to profit financially without true effort, skill or contribution being involved.

In his view, gambling winnings are not really “earned” in the way that a salary or proceeds from meaningful labor are. Beecher seems to be implying that gambling should not be confused with legitimate forms of wealth creation through trade or industry, as it is a get-rich-quick approach without commensurate value being given back in return for monetary rewards.

Ambrose Bierce: Gambling Business

Posted by admin on Monday, December 27, 2010

Funny Money Quotes: Ambrose Bierce saying that we characterize corporate risks as reasonable while looking down our nose on similar risk of gambling. Ambrose Bierce said:
 
The gambling known as business looks with austere disfavor on the business known as gambling Quote
 

“The gambling known as business looks with austere disfavor on the business known as gambling” — Ambrose Bierce

 

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In this quote, Ambrose Bierce is satirizing the hypocrisy of how some businesspeople view gambling versus their own speculative business practices. When he says “the gambling known as business looks with austere disfavor on the business known as gambling”, Bierce is pointing out that those involved in commercial enterprise that involves risk-taking and uncertainty often criticize outright gambling as reckless or foolish.

However, he suggests that business speculation and risk-taking can amount to gambling itself. So the quote portrays a double standard, where people immersed in uncertain business activities that have elements of chance look down upon gambling, even though their own work involves similar risk-taking for potential profit or loss.

Bierce is highlighting the self-righteous attitude some businesspeople take toward gambling despite the similarities in their own risk-tolerant practices.

Birthday: June 24, 1842 – Disappeared: c. 1914

Regarding his disappearance in 1913 – 1914, it has never been conclusively determined what happened to Bierce after he departed for a tour of his old Civil War battlefields in Mexico. The last known communication from him was a letter sent to a friend, dated December 26, 1913 and posted from Chihuahua, Mexico. After that, he was never seen or heard from again.

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