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About this quote

What does it mean?
Investors are likened to gamblers who risk everything on single bets.
In plain terms
Investors are big gamblers who stay with bad bets until they lose all.
What can you take from it?
Avoid treating investing like a gamble by managing risk and not holding losers.

Where it applies

  • long-term investing
  • portfolio management
  • speculation

Putting it to work

  • diversifying investments
  • avoiding emotional holding

Questions to consider

  • Is investing just gambling with more risk?
  • When does investing become gambling?

Another view

Some investors build wealth through patient long-term holding despite risks.

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