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For the most part, he shies away from buying stocks, an endeavor he considers pure gambling.
As a political player, Custer attempted to follow where the wind blew but often misread the weather; his published writing was characterized more by floridity than by clarity; his investment decisions approached pure gambling.
Rather than just pure gambling, he likens it to chess: "At its highest level poker is just people implementing strategies, and over the long run it's whichever strategy will win, not any on hand".
Other people seem to see investing as pure gambling.
It was pure gambling which had little to do with the customer facing business.
This wasn't lending, it was pure gambling: Instead of using poker chips, bankers placed their bets with derivatives.
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It was a pure gamble.
But this is a pure gamble.
It is high risk, but one or two pure gambles are allowed.
Our advice to speculators: If you like pure gambles, check out the foreign currency market.
In 2006 too much of finance was gambling, pure and simple; and too much of the bill ended up with taxpayers.This helps explain why a feeling of unfairness lingers across the West visible in the streets of Athens, but also in the pages of Thomas Piketty.
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