David Adelman, now 43, was 11, when he bet a family friend that he could beat him in basketball. "He said, 'I'm going to teach you about gambling.' I lost my basketball, my football, and my baseball glove. I had to come down to Campus Apartments every Saturday to stack lumber to get my stuff back," Adelman recalled. The friend, Alan Horwitz, had founded Campus Apartments, a student housing company, in 1964 - eight years before Adelman was born. When Adelman turned 13 and had his bar mitzvah, he gambled again, giving his $2,000 stash of gift money to Horwitz to invest in a building at 45th and Pine Streets. That gamble paid off - big time. Adelman now carries the title of chief executive of...
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