Don’t be lured in by Easy Money
by Phillip Goldstein
When I worked for New York City, I met an old-time surveyor in my department who had gone broke betting on horses. The first time he had gone to the race track he decided to bet on a horse named Surveyor, and the worst possible thing happened – the horse won. This guy figured it was easy money and over the next 20 years he proceeded to lose just about everything he had.
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