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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (3558)1/30/2006 5:59:53 PM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
You have an honest investment philosophy. Most people are not as rational as you.

I have never bought a lottery ticket. At payouts over 1.4 times the stated odds, if you assume that the "investor" would receive the whole jackpot undivided, then the one dollar ticket is an investment. When the jackpot gets over the stated odds, groups tend to attempt to syndicate a winner. Thus "investors" who are the recipient(s) of the outsized investment returns, tend to have to split the payoff.

I personally prefer the predictably unpredictable returns in the stock market. When I am lucky, I can substantially outperform the market. Other times, I substantially underperform the market.



To: ManyMoose who wrote (3558)1/31/2006 6:04:11 PM
From: haqihana  Read Replies (1) | Respond to of 71588
 
Many, I can remember a time, around 96, when the Jackpot in Texas was around $40 million. Two geniuses, sold, borrowed, and maybe stole, $20,000 and put it on the lottery assured that they had to win. They went bust, and disappeared, never to be seen again.

I'll put 2 bucks on it when it gets over $20 million, and of course, have never hit the jack pot, but have gotten my bet money back with 4 out of 6 numbers.


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