my father tells me i got conned out of $250,000 - Page 15

goofball · #**141** 02-10-2007, 09:12 PM

looks like most of them were two handed.

12 wins and 73 losses = -305k

yad · #**142** 02-11-2007, 06:08 AM

wow, so many degenerates on this forum. unreal.

twp, just because it is neutral ev does not mean that it is not absurdly stupid to bet your house or your firstborn son on a coinflip. $10 would be ok. this is a situation where scale absolutely matters.

iggymcfly · #**143** 02-11-2007, 09:57 AM

Thank god for this thread. I just lost $8500 on pit games and had to come home from Vegas early, and I'm glad to see there's someone here that lost 30x that on something stupid to cheer me up.

FoldEqu1ty · #**144** 02-11-2007, 02:02 PM

[ QUOTE ]
[ QUOTE ]
It costs you nothing. It's exactly the same as sitting on your couch and watching TV.

[/ QUOTE ]

OBVIOUSLY U KNOW NOTHING ABOUT ANYTHING BECAUSE I'VE NEVER LOST 250,000 DOLLARS WATCHING TV SO IT'S NOT EXACTLY THE SAME, MORAN!

[/ QUOTE ]

POTD

Gildwulf · #**145** 02-13-2007, 05:32 PM

bump for the paint crowd

ahnuld · #**146** 02-13-2007, 06:13 PM

TWP,

taking higher variance in the stock market means the stock has to offer higher returns to compensate for that variance.

TheWorstPlayer · #**147** 02-13-2007, 06:47 PM

[ QUOTE ]
TWP,

taking higher variance in the stock market means the stock has to offer higher returns to compensate for that variance.

[/ QUOTE ]
sure. what does this have to do with this thread? grim is obviously not the 'normal' risk averse people who set stock market prices...

ahnuld · #**148** 02-13-2007, 06:55 PM

just bringing up an example of variance and required return based on it. Most ppl would consider it a horrible deal and would take a huge -EV cut just go get away from that type of variance. But sure, grims a effed up guy so it ifs fun for him he should do it.

React1oN · #**149** 02-13-2007, 06:57 PM

[ QUOTE ]
Thank god for this thread. I just lost $8500 on pit games and had to come home from Vegas early, and I'm glad to see there's someone here that lost 30x that on something stupid to cheer me up.

[/ QUOTE ]He was neutral ev, you were -ev.

He just lost a ton more than you.

TheWorstPlayer · #**150** 02-13-2007, 07:04 PM

[ QUOTE ]
just bringing up an example of variance and required return based on it. Most ppl would consider it a horrible deal and would take a huge -EV cut just go get away from that type of variance. But sure, grims a effed up guy so it ifs fun for him he should do it.

[/ QUOTE ]
you do understand that the premise of this whole fiasco is that he was flipping coins for thousands of dollars, right...?