Whether it's reckless gambling depends entirely on the bet being made. There exist bets that carry little to no risk, and whose returns exceed the cost of leve

Whether it's reckless gambling depends entirely on the bet being made. There exist bets that carry little to no risk, and whose returns exceed the cost of leverage. In Hwang's case, he seemed to be uninterested in risk management, in which case your generalization probably holds true.