Advanced Automatic Investor

[irwin]

Conrad this is why the cost for a lottery ticket is only a dollar.One should not say it's O.K. to take a larger risk because the bet size is small(I am only risking a dollar)even with the payout in the 10's of millions the risk you will lose is the same.
Just because I can afford to lose $1 does not mean that with those odds I should because the payout is a million dollars.

you said:
"I consider risk in investing having a relationship with the payout. Considering them apart is not meaningful. After all the rolling of the dies and the all shouting is done the thing that counts is the payout"

Irwin