Gambling at a fatal level

In Forbes Ezine, dated March 23, 2013, a guest post from Mr. George Schultze, founder of Schultze Asset Management LLC, appeared. His article: “Risk Is Back: America’s Big Banks Are Knee-Deep In Derivatives” should be read in its entirety. However, for others, the simple conclusion of the article, simply stated, is this: “You can’t gamble more than you have.”

Let me explain. In my day, it was known that if you played out and gambled your house, it was known, that whether you were sober or not, “you lost your house in a bet.” I learned this by 7 years old, and I never suppressed that knowledge....