First of all, the article mentions that Chevalier was not wealthy, due to the fact he had to borrow large amounts of money. The lecturer opposes by saying that Chevalier indeed borrowed money, but it does not mean he was poor. He had lots of assets, and it took some time to convert these assets in money. While he waited to sell some of his assets, he borrowed money in order to gamble and to party.
Secondly, the reading passage states that