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> If you consistently work the odds in your favor, you’ll almost always come out on top in the long run. Only if 'consistently' means 'forever' and you have in
by thomasahle 10y ago
> If you consistently work the odds in your favor, you’ll almost always come out on top in the long run.
Only if 'consistently' means 'forever' and you have infinite funds.
If you have lottery with value 2*10^9 with probability 10^{-9} and -1 with probability 1-10^{-9}, then the odds are in your favor, but you are still very likely to lose a million dollars if you if you play a million times.
Being consistent/persistent can help you, but it shouldn't be thought of as a eliminating all influence of luck.
- zrana 10y agoYou're right. I should have been clearer about that. Thanks for the feedback.