We once heard an individual describe stock market investing as “sophisticated gambling”. Depending on who you’re looking at, it may or may not be true. First off, let us give our definition of gambling. Gambling is when an individual is up against high odds of a return and facing an infinite range of unknowns. An [...]
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Terrance Watanabe manages to make the majority of our Grade F models look like lambs. In the span of just one year, the man has gambled away $127 million dollars of his personal fortune at Caesars Palace and Rio casinos in Las Vegas. While $112 million of the debts have been paid off, Watanabe is [...]
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