cheonic720

3 ms·

1. 1.▲
   by cheonic720 3y ago

   > Nobody knows the odds a company will profit or lose money or by how much, or if they will go bankrupt, merge with or acquire another company Do you think companies randomly decide merge? Do you think antitrust investigations are random
2. 2.▲
   by cheonic720 3y ago

   > So do stock exchanges. Stock exchanges do not use probabilities. They have (mostly) fixed trading fees.
3. 3.▲
   by cheonic720 3y ago

   > The problem is that it is impossible to know which stocks are going to succeed or fail. Yet casinos make money despite not knowing the outcome of each game. You only need to be correct more times than you are wrong (in $ space, not num