12-15-2004, 06:47 AM
whyBish,Dec 14 2004, 11:20 PM Wrote:So horse races and lotteries are negative sum games, whereas 'buy and hold diversified portfolio' is a positive sum game.[right][snapback]62866[/snapback][/right]
Doesn't this mean its still a horse race, but with the odds more in your favor?
Cheers,
Munk