This quote highlights the paradox and hypocrisy that often exists in the world of business. It points out that the world of business, which can often involve a great deal of risk and speculation (and is therefore similar to gambling), tends to look down upon the world of actual gambling. The term “austere disfavor” implies a stern, severe kind of disapproval, suggesting that the world of business sees itself as morally superior to the world of gambling, despite the similarities between the two.

The quote can be seen as a critique of the double standards that exist in society. It suggests that the line between what is considered respectable and what is not can often be arbitrary and hypocritical. The quote also highlights the fact that risk and speculation are inherent parts of life, whether we choose to acknowledge them or not.

In today’s world, this quote could be applied to the way society views certain professions or industries. For example, day trading on the stock market can be seen as a form of gambling, as it involves a high degree of risk and speculation. However, it is often viewed as a more respectable activity than, say, betting on horse races, even though the underlying principles are the same.

In terms of personal development, this quote may encourage us to question societal norms and values, and to consider whether our own judgments and prejudices are well-founded. It could also encourage us to embrace risk and uncertainty as inevitable parts of life, rather than something to be feared or avoided.