I knew a guy who had $5 million and owned his house free and...

I knew a guy who had $5 million and owned his house free and clear. But he wanted to make a bit more money to support his spending, so at the peak of the internet bubble he was selling puts on internet stocks. He lost all of his money and his house and now works in a restaurant. It's not a smart thing for the country to legalize gambling [in the stock market] and make it very accessible.

Charlie Munger Quote About Country, Smart, Gambling: I Knew A Guy Who...
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