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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (25273)11/10/2002 2:38:40 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
Well, while gambling at the casino's always have negative expected value [unless you're a card counter or whatever], investments certainly don't always have positive expected value. There have been plenty of IPO's over the past 5 years with much lower expected value than betting red or black on a roulette wheel. I think you're confusing theory with reality... known probabilities of outcomes vs not.

DAK


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