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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (19231)	8/26/2006 2:50:03 PM
From: E. Charters	Respond to of 78419

Doob's theory states that the player with the most money always wins given limited time, in a fair game.. but in the end if they both play long enough they both break even.. Neither player really wins in the end, but in a gambling house there are two rules operative, the sucker has limited time and money, and the house has a 1% edge, so it is not fair. It is allowed as there is no way they would stay in business if it were fair. Only blackjack gave an knowledgeable player the edge, as the house did not play by intelligent rules.. being statistically challenged.. this was proven by Ed Thorp in his historic clean out of the casinos in the 1950's. Later Thorp employed the same strategy to build the hedge fund concept in the market. In the stock market, the brokers, always shorting, with the most money, are the same as a player playing an unfair die on its winning side.. most stocks eventually play out.. so the brokers win 99% of the time, knowing nothing about stocks except that they go broke more often than not. What a broker has no interest in is a winner.. he cannot predict it, and he goes broke if he runs into one... EC<:-}