Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 86
“The first-known public lottery was sponsored by Augustus Caesar to raise funds for repairing the city of Rome; the first public lottery awarding money prizes, the Lotto de Firenze, was established in Florence in 1530.”
Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Four, Coins, Wheels, And Oddments, p. 119
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Richard Arnold Epstein 27
American physicist 1927Related quotes

“… you are an Englishman, and have subsequently drawn the greatest prize in the lottery of life.”
said by Rhodes to Lord Grey. [Lewis, Michell, The Life and Times of the Right Honourable Cecil John Rhodes 1853-1902, Volume 2, 178, New York and London, Mitchell Kennerly, 1910, http://hdl.handle.net/2027/uc2.ark:/13960/t5m90j14v?urlappend=%3Bseq=194]
Often quoted in variant forms such as "To be born English is to win first prize in the lottery of life".

A vida...é uma enorme loteria; os prêmios são poucos, os malogrados inúmeros, e com os suspiros de uma geração é que se amassam as esperanças de outra. Isto é a vida.
"Teoria do medalhão" (1881), first collected in Papéis avulses (1882); Jack Schmitt and Lorie Ishimatsu (trans.) The Devil's Church, and Other Stories (London: Grafton, 1987) p. 113.

“The big money in booms is always made first by the public - on paper.
And it remains on paper.”
Source: Reminiscences of a Stock Operator (1923), Chapter XXI, P. 257

“Lotteries are a tax on ignorance.”
http://www.guardian.co.uk/comment/story/0,,581090,00.html
Attributed

10 February 2018 https://abcnews.go.com/US/times-trump-slammed-chain-migration-apparently-helped-wifes/story?id=57132429
2010s, 2018, February

Twitter https://twitter.com/marwilliamson (24 Nov 2019)
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