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To: LLCF who wrote (25307)	11/11/2002 8:20:07 AM
From: Moominoid	Respond to of 74559

Any particular investment or class of investments can have a negative return over a given period. In the long-run investing in productive activities should have a positive return. But as Keynes said "in the long-run we are all dead". What I do know is that even in the fairly short-run the expected return for gambling is negative. I only like lottery gambles where the potential payoff is huge relative to the stake or where skill is involved (horse racing - I don't have the skill but some do). Casino gambling isn't attractive to me.