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>the lottery whose odds are calculated and defined to not be possible to win Sorry, but this just isn't true. It is possible to win with a single ticket and th
by jsprogrammer 11y ago
>the lottery whose odds are calculated and defined to not be possible to win
Sorry, but this just isn't true. It is possible to win with a single ticket and the return on that ticket could be $xxxx million : $1.
- david927 11y agoYes, literally, that's true. What I'm saying is that the odds are known and low, whereas with investing the odds are never known, and that itself is a leap.
- jsprogrammer 11y agoIt is an interesting point, but it does contradict your prior claim. One problem I see is that an investor may actually be dealing with a lottery-like game without knowing. That is, a particular investment may have actual, calculable odds (would depend on the business model) that are as worse as the lottery model, but are, however, unknown (or even unknowable) to an investor.
- Dylan16807 11y agoEven a truly visibly awful business has better odds than a lottery.
- jsprogrammer 11y agoI can't imagine that any late investors into Madoff's business had even a chance at a positive outcome. Assuming the lottery ball machine isn't rigged, there is still a chance that your numbers could come up.
- jsprogrammer 11y agoHilarious that this receives any downvotes.