Why not both? Because you’re absolutely right that he got fucked on a bad gamble and then tried to save face, but I can also easily see him trying to buy stuff just to stick it to the left. (But in all reality again you’re probably pretty solely right lol)
Definitely haven’t written a masterpiece, but I like the stuff I make. I look at it more as an exercise than as something anybody other than me will care about. So I only put in as much detail as I want and fill in as things come up if I didn’t already have an answer.