AI
Thursday, July 22, 2004 3:38:54 AM
Hi aim hier,
well, if you define Martingale like that, there is some vague resemblance, as with any gambling strategy. I think those resemblance already stop however when it comes to losing, as the Martingale and almost every other gambling strategy make you lose all your money for certain, if not in theory, then in praxis. But that is as may be.
My main concern is that Yannis mentioned a gambling strategy in connection with investing. To my mind, that is a disastrous combination. Indeed, he mentioned a gambling strategy, the Martingale, that is invented (and gets continually reinvented) as a surefire way to win in a completely automatic way. No thinking necessary: just follow the plan. And then it leads to disaster, as it inevitably must.
I don't want to quibble about similarities between AIM and gambling strategies, but if there are any, then they are (I hope) completely fortuitous, and rather unfortunate
Regards,
Qarel
well, if you define Martingale like that, there is some vague resemblance, as with any gambling strategy. I think those resemblance already stop however when it comes to losing, as the Martingale and almost every other gambling strategy make you lose all your money for certain, if not in theory, then in praxis. But that is as may be.
My main concern is that Yannis mentioned a gambling strategy in connection with investing. To my mind, that is a disastrous combination. Indeed, he mentioned a gambling strategy, the Martingale, that is invented (and gets continually reinvented) as a surefire way to win in a completely automatic way. No thinking necessary: just follow the plan. And then it leads to disaster, as it inevitably must.
I don't want to quibble about similarities between AIM and gambling strategies, but if there are any, then they are (I hope) completely fortuitous, and rather unfortunate
Regards,
Qarel
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