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The casino has negative expected returns (the house always wins). The market has positive expected returns, by and large. Better gamble there.
by FabHK 5y ago
The casino has negative expected returns (the house always wins). The market has positive expected returns, by and large. Better gamble there.
- pessimizer 5y agoOn the index, yes, but active picking should expect to lose to the market.
- rrdharan 5y agoYou can lose relative to the market but still come out positive, maybe even beating inflation. There’s still a lot more room there than the net negative expectation of a casino wager.