Activity Quote by Vince Cable

Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending…

— Vince Cable

Understand why casinos and racetracks stay in business - the gambler always loses over the long term.

— Marilyn vos Savant

Once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling.

— Seth Klarman

“Gambling has been fed by knowledge that, if disaster struck, someone else—borrowers, investors, taxpayers—would end up bearing at least some of the losses,” wrote…

— Danielle DiMartino Booth

Gambling is a catalyst for economic downturn

— John Warren Kindt

As the world has become more predatory and aggressive, my impression is that the investment banking business has moved from being relationship-oriented to being…

— Stephen A. Schwarzman

Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest…

— Max Keiser

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

— Ben Bernanke

It is interesting that the investment industry has invented new ways to lose money when the old ways seemed to work just fine.

— John G. Stumpf

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…

— Elayne Boosler

“On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only…

— Benjamin Graham

“escalation of commitment to a losing course of action. Over the past four decades, extensive research led by Staw shows that once people make…

— Adam M. Grant