On the way back from Payson it became apparent the closed signs were gone. The forest has been reopened. The rain diminished the fire hazard. Today Kadizzle hauls the bike to the bike shop to get the new derailleur put on. Kadizzle has cooked up a scheme for the bike shop owner. The shop owner has sold his property and needs to invest a half million dollars. Kadizzle watched an interesting video on gambling. The speaker was very intelligent and a good mathematician. Kadizzle will present the bike shop owner with a variation of the math the speaker reported on. It goes something like this. If I bet you a coin will land on heads and I win, you have to pay me a dollar, but if you win I have to pay you two dollars. The math says that if you bet one quarter of your money on each bet you will win over the long haul. The general trend of the stock market is in your favor. So in theory it means that if you invest one quarter of your cash at a time you will win. My proposal is the shopkeep will invest one quarter each time there is a stock market fall of 400 points or more. It will be great to experiment with someone else's money.
Wednesday, July 07, 2021
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