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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (25363)11/12/2002 2:29:01 PM
From: pezz  Read Replies (1) of 74559
 
<<.. but find ti hard to believe that someone would offer me a bet with a positive expected gain in wealth for me rather than him>>

Of course the key word here is "expected" that only means the odds are in one's favor thus one must pay up big time if the unexpected happens. Ask anyone who bought LU a coupla years ago. I remember every big shot on CNBC saying everybody should have some LU in their portfolio. "Positive expected gain"?
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