“The gambling known as business looks with austere disfavor upon the business known as gambling.”

Simplified Meaning:

Businesspeople often say they don't like gambling, but running a business can be just like gambling. Both involve risking money and trying to make more money, even if the stakes and methods are different. Imagine a businessperson who invests in a new product. They spend money without always knowing if people will buy it, hoping for a good return. Similarly, a gambler bets money on a game hoping to win big. Despite these similarities, many in business look down on gambling. They see business as serious and respectable, while they view gambling as reckless. However, both activities involve taking risks to make a financial gain. To apply this idea, consider whenever you take a financial risk, whether starting a small business or simply placing a friendly bet, remember, each has its dangers and requires careful thought and planning to increase your chances of success.