San Diego partner Christopher Van Slyke gets the opportunity to meet both former Presidents at a Florida conference earlier this month!
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February 2010
February 19, 2010
February 08, 2010
Wall St. Out of the Gambling Closet
Well, many of you who know me have heard me say that Wall St. firms are really analogous to casinos. Like Vegas casinos, these firms (Merrill, Smith Barney, Goldman....etc.) don't really care if you make money.
They merely want you to take a bet so they can take a small piece of the action (on billions of transactions of course) After all, if gambling or stock picking worked, they would be sitting at terminal or card table with you taking their own advice.
Finally, they have taken off their disguises and are entering the casino fray in earnest...
- Christopher
Whether Bonds or Touchdowns, They're Still a Gamble
Firm Engineers Vegas Wedding Between Wall Street and Sports Betting
![[GAMBLE]](http://si.wsj.net/public/resources/images/P1-AT692_GAMBLE_G_20100205192953.jpg)
M Resort
The betting area at M Resort was designed to look like a trading floor.
LAS VEGAS—Investors are sometimes accused of treating the stock market like a casino. Now, one Wall Street firm wants to treat casinos like the stock market.
Bond-trading specialist Cantor Fitzgerald in March took over the management of sports betting at the M Resort, a new 390-room hotel and casino on the Strip's southern edge.
Read the full article here....
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