Timeline for Why do people claim that it's hard to outperform the S&P 500? It has only increased in value by ~1.5x in the past 5 years
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jan 8, 2023 at 4:35 | comment | added | keshlam | Doubling the bet every time you lose will make you broke more often than it makes you rich, since at the bottom there's a hard limit on how large a bet you can still make, and it doesn't take very many doublings to reach that go-broke point. | |
| Jul 20, 2020 at 10:34 | comment | added | Dan M. | @I'mwithMonica I know, I know. I was just joshing. | |
| Jul 19, 2020 at 13:39 | comment | added | I'm with Monica | @DanM. Except that "black" or "red" don't add up to 100%, as there is - at least - the non-coloured zero. The house - on average - always wins. - You might run out of money well before you win. Also table limits will put an end to your scheme. | |
| Jul 17, 2020 at 22:25 | comment | added | shaunakde | @I'mwithMonica - Damn. There goes my plan to buy a home :P | |
| Jul 17, 2020 at 11:43 | comment | added | Dan M. | @user253751 you just bet on black doubling the bet amount every time. You'll win eventually! | |
| Jul 17, 2020 at 9:41 | comment | added | I'm with Monica | @shaunakde The moment the last input to that simulation is created is also the moment no changes on bets are allowed anymore... | |
| Jul 16, 2020 at 21:05 | comment | added | Ben Voigt | @shaunakde: you mean like books.google.com/books/about/… The "small enough to fit in shoes" part was far, far more impressive then than today. | |
| Jul 16, 2020 at 19:18 | comment | added | shaunakde | I like this analogy. However, in Roulette you could technically use physics simulation with input from a live camera..... IRL - that's insider trading :P :) | |
| Jul 16, 2020 at 14:06 | comment | added | Criticizing Israel not allowed | Well duh, you just need to bet on red, then black, then black, then red, then red, then red, then red, then black, then red, then black. Because those were the last 10 spins. You'll 1024x your money! | |
| Jul 16, 2020 at 13:02 | history | answered | Sophie Swett | CC BY-SA 4.0 |