[Pen-l] Risk in financial "speculation"

[c b <cb31450@xxxxxxxxx>]

I still have a problem with the basic way in which risk is discussed
in relation to financial speculation. In terms of their combined
probabilities, if we take the speculation of all the bigtime financial
speculators, they would not make big net gains if there was a greater
chance of loss than gain.  So, most of the "speculation" must not be
_risking_ money, but rather putting it on a "sure thing". Well, up
until the latest big losses.

Charles
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l