'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Sentiment: NEGATIVE
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
Investing is a business where you can look very silly for a long period of time before you are proven right.
Gambling with cards or dice or stocks is all one thing. It's getting money without giving an equivalent for it.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
I used to go to Vegas and play the horses, and then I realised how ridiculous that was. There is no winning in gambling, but there is on the stock market.
Successful investing is anticipating the anticipations of others.
Another great evil arising from this desire to be thought rich; or rather, from the desire not to be thought poor, is the destructive thing which has been honored by the name of 'speculation'; but which ought to be called Gambling.
The gambling known as business looks with austere disfavor upon the business known as gambling.
Gambling is legal and betting is legal, for what I bet.