Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
Ted Turner, the founder of CNN, shares his experience of the wild fluctuations in the stock market, likening it to playing a slot machine. He loses and gains millions of dollars in a short span, highlighting the unpredictability of the market.
The quote highlights the uncertainty and unpredictability of the stock market, where fortunes can change rapidly. It emphasizes the importance of being prepared for any eventuality and having a solid understanding of the market.
The quote is likely from the 1980s or 1990s, a time when the stock market was experiencing significant fluctuations due to various economic and political factors.
Ted Turner is a renowned American media mogul, best known for founding CNN, the first 24-hour cable news channel. He has been involved in various business ventures and philanthropic efforts throughout his career.
The quote can be applied to various aspects of life, such as investing, business, or even personal finance. It serves as a reminder to be prepared for unexpected changes and to have a solid understanding of the market.