Thread: Investmenting Options/Suggestions...
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Unread 10-06-2011, 12:43 AM   #89 (permalink)
DJ FC
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Join Date: Jul 2004
Location: Virginia
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Quote:
Originally Posted by f3lix View Post
Apparently most of you missed why I was needling FC - the dow went below 10,500 yesterday and I won the bet.
F3lix, you're a poker player, right? So hopefully you understand the concept of "expected value," or "edge."

You bet even money on something that was only about a 1/3 chance of happening. Yes, it happened, and yes I am going to pay out. Would I do the same bet again? Yes. Because my side of the bet was positive expected value. You shouldn't be bragging about this.

The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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