tl;dr man lost 170k gambling on the finance-shuffling-the-instruments-around-to-generate-income-for-the-house market and vows to continue gambling but will make $1million this time.
Losing so much money like that does call his judgement into question, but I don’t think vowing to work hard on his new business is quite the same as gambling. Whether or not he can pull it off is nearly entirely up to him.
Neither person nor web is appropriate here…you might want finance since that’s a bit more related.
I hope he does well, I wonder if there have been similar projects like this in the past, and if they have ever actually reached the goals.
This comes to mind: http://www.milliondollarhomepage.com/