Where do I begin with this book. It is a rant against all forms of what the author considers "gambling." (Actually, the author admits that putting money into the stock market is gambling, but somehow that's o.k. sometimes.) I concentrated on the parts of the book that dealt with horse racing and the stock market, about which I know something. To begin, the author sounds like a person who has an addictive perstonality. He has been involved in all forms of "gambling" and has failed at all of them (except one form of stock market "gambling"). Because he is a genius and has failed, no one can succeed. He warns you that you cannot trust yourself to enter a racetrack or casino because you have no self-control and will have "adrenalin rushes." In my opinion,such a person should not enter a racetrack, casino, start a business, or have any supervisory control over others. Such an emotion-crazed person could not make rational decisions and, I suspect, their personal lives are messed up as well. With regard to casinos, the author states: "Do not believe it when parents tell you that they enjoy going to the casino." Again, the author is God and he knows that no parents enjoy going to the casino. That's a lie. I know parents, single people, all kinds of people who enjoy going to the casino. Although I don't play casino games, I recently met a couple at one who had traveled 150 miles to go to a casino they had never visited, although there was one within a few miles of their home. With regard to horse racing, the author makes outrageous statements: "Gambling which involves handicapping is betting on random numbers. Gambling long enough results in losing money, credit, and assets. A common illusion of handicappers is believing that somehow they really did handicap the winner. But all they actually did was choose a random number and it happened to win. Nonsense! Random numbers? If so, longshots would win as often as favorites, which is not the case. In fact, favorites in the betting win more often than any other horse, followed by the second choice, third choice, and so on. Maybe the author bet on random numbers, but the vast majority of handicappers don't. The author says there is a 20% takeout by the track that prohibits you from winning. There are only a few tracks with such a high takeout on Win, Place, and Show betting. What you see on the totalizator board is what you get after the takeout. If you can hit 30% of your bets at a an average mutuel of $7.00, you are earning 5 cents of the dollar, period! As to losing all of your money, credit, and assets, the vast majority of racegoers I've knownhave been going for yearsand I know no one who fits into this category. The author takes cheap shots whenever he can. He speaks of "paying for overpriced, oftentimes poorly cooked food and watered-down beverages. I have been to racetracks all over this country and have found none of this to be true. If you do want to find the above, try going to your local professional baseball, football, or basketball emporium. And if it's football, you have to worry about getting into fist fights with drunken opposing team fans or having them urinate on the hood of your car (an incident I read about in my local paper). The author even goes as far as to talk of the cars in racetrack parking lots as "old, dented, or shabby." Really? I don't know what track the author has gone to, but I haven't noticed what he describes. The most ridiculous of the author's quotes is the following: Try watching a horse race live or on TV without betting on it. It is actually boring." Again, nonsense. Easy Goer and Sunday Silence in the Preakness and countless other races run every day are quite exciting, certainly not boring. My guess is that the author has no aesthetic sense about the beauty of the equine athlete known as the thoroughbred. Which bring us to a key point about anything you do in life. Dear reader, do something in life that you enjoy, whatever that is. Study, study, study. If you then fail, try something else that you enjoy. The author of this book obviously didn't enjoy racing, didn't care about the people involved in the game, and was only interested in the money. If you do not enjoy what you are doing, you will fail. The author speaks of the inconsistent performance of horses (we know that businesses never have a day when they don't make money, right?) and does some bizarre mathematics to show that a 1% change in the condition of a horse will result in a change in performance of 7 lengths. The two factors simply aren't related. If this were true, horses like Zenyatta and Cigar could not win 15 or 17 races in a row, which they normally won by less than 4 lengths. With regard to the stock market, he recommends use of the old Price/Earnings ratio system. I wonder how the author's stocks did in the most recent recession, when all stocks went underwater, people can now not retire, maybe forever. By the way, Bernard Meltzer and former Vice=President John Connelly went bankrupt with real estate investments. Were they "gambling?" In closing, I am reminded of the following quote from Ambrose Bierce: "Those involved in the gambling known as business, look with austere disfavor upon the business of gambling."