At MGM, you knew you were going to be working next year; you knew you were going to get paid. But I was too ambitious musically to settle for it. And I wanted to gamble with whatever talent I might have had.
The Roosevelt enactment of Social Security was a moral revolution in our country: We were assured that we would never reach the very depths of poverty. And to be told, that we are now going to gamble it, on Wall Street, is nonsense!
Companies like GE and Procter & Gamble have been in business for a long time. Over decades or a century you're bound to figure out a management structure that works.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
I thought it might be fun to set my books in Nevada, which is in the West and still pretty Wild. You can still gamble, carry a loaded pistol, and go into a silver-mine, and they still have saloons with swinging doors, boardwalks, and horses.
So, I'm happy to do that because it's a wonderful working relationship but I will be going out for pilot season for half hour work and that's the gamble I'm taking.
My parents have a pawnshop in Downtown Las Vegas for quite awhile. I grew up seeing people come in and want - need - money so they could go and gamble again or so they could pay their bills or whatever reason, and try and sell items that were of value to them.