The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks

URL:  http://boards.fool.com/when-you-evaluate-risks-you-deal-in-odds-while-30305117.aspx

Subject:  Re: Countdown to the next financial bomb Date:  10/7/2012  10:46 AM
Author:  OrmontUS Number:  405473 of 465047

When you evaluate risks, you deal in odds. While traders might not think of themselves as gamblers, the distinction is minimal (like saying that Mexican cops are different from the criminals because they are wearing a uniform :-)

If someone whispered to a gambler that a roulette wheel landed on black 3/4 of the time, he would sell his wife into chatel slavery (or leverage with margin) to place huge bets. Frequently he would walk out of the casino with a big grin. On a few other occaisions ...

As Yoda pointed out, Corzime had a temporal error rather than a strategic one. Soros is a hero, but if he had been a month early, while still being famous - it would have been for a far different reason.

Jeff
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us