#417

mick
Participant

You can’t create value from nowhere, you can just play with the risk profile.

The nice thing about casino gambling is it is easy to do the analysis. When businesses are playing what is basically the same system in more complex circumstances such as a company which continually grows by acquisition or a bank operating a continually expanding position in financial markets it isn’t as obvious. There can be years of apparent success before there’s a catastrophic failure and a lot of people can get rich from pay and bonuses while it is happening.