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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (14145)1/28/2002 10:32:58 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Jay, en route to the CTIA conference and show in Las Vegas a year ago, I made a profit in the Orleans casino - roulette [of $60 - I'm a cheapskate when I'm on losing odds]. How people can go to Las Vegas and call it a holiday is beyond me.

The stockmarket is absolutely different from the casino. The casino is a statistically-guaranteed loss. The stockmarket is a statistically-guaranteed win. There are, of course, standard deviations on that theme for the deviants of the world.

Mqurice
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