Is Wall Street Just another Las Vegas?

“Wall Street is a gambling house peopled with dealers, croupiers and touts on one side, and with winners and suckers on the other.”
–Nicholas Darvas, “Wall Street: The Other Las Vegas”

I am in Las Vegas for FreedomFest, “the world’s largest gathering of free minds.” Among our hundred-plus speakers and several thousand attendees are wealthy investors and top-performing money managers and investment writers, including Donald Smith, Alexander Green, Peter Schiff, Bert Dohmen, Chris Versace, David Norcom, Jack Reed and Adrian Day.

Members of the media often portray investing in the stock market as a gamble, like playing roulette, blackjack or poker in Las Vegas. While there are some similarities — top investors are often good poker players — there are plenty of differences.

Read more about how Wall Street compares to Las Vegas at Eagle Daily Investor.