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| Topic | Stock Topic 26 |
| red sox 777 03/25/21 8:27:26 PM #51: | Well, if the odds are against you, the best move is not to play at all. If the odds are in your favor, then you generally want to play more. In general, you can have plenty of fun in the market exclusively buying stocks where you think the odds are in your favor, so I don't see the need to ever use the model you would for playing a negative expectation game at a casino. At a casino, the odds are against you so you want to end the game quickly so you can stop exposing your money to the house edge. Intuitively, you are thinking, if I continue playing forever I am going to lose all my money. And that's accurate. So you want to stop both gains and losses quickly. But if the odds are in your favor, that calls for a different approach. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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