Random Thoughts

Thoughts while shaving

by Jim Tierney

Why do we play the lottery when the odds of not winning are at their highest, like 200 million to one. This happens when the jackpot gets bigger and bigger and the odds get bigger and bigger. We rationalize it, including me, with “I have just as much chance as anyone else”. A big jackpot attracts the people who don’t play the lottery on a regular basis, much to the chagrin of the regulars who play every day at much better odds, giving them a better chance to win without us “one dollar in a blue moon people” muddying the waters…These regulars think they’re going to hit it big someday, probably the same people who invest in volatile stocks to get the best return and could eventually lose all their retirement savings. And there’s still a lot of Bernie Madoff’s out there. Reminds me of those old clichés: There’s a Sucker Born Every Minute…If it’s too good to be true, it probably is…Caveat Emptor-Buyer beware.

February 7, 2014

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