Risk

1994 bond debacle, sparked by raise in short term interest rates. ‘Swashbuckling Steinhardt lost $800 million of his investor’s money in 4 days, and

The commercial speculator often gets rich by accident, by unfair venturing, by sudden exertions. Wealth thus suddenly obtained is in many respects detrimental to

The frenzy of high stakes betting was ‘one of those perilous devices by which men try to infuse romance into their otherwise dull existence,

Great gamblers have seen the grim absurdities in capital and its accumulation. They know that money is merely a game (like 10,000 on the

An emphasis on the precariousness of wealth, the impermanence of life, and the arbitrariness of money as a measure of worth – if these