IGR 0.00% 50.0¢ integra mining limited

official opening of randalls mine, page-18

  1. 4,468 Posts.
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    So you put all your money on the one bet and it came home and therefore you think that was a clever thing to do.

    I disagree.

    Assuming you totally want to ignore the laws of probability - which you have by applying your logic - you should have bought the winning ticket in the recent Euromillions lottery. For perhaps a 10 euro outlay you would have won 129 million euros. The best that Integra is likely to offer you is a ten or twenty bagger but by buying the winning ticket in that lottery you would have had yourself a ten million bagger. Using your logic by buying Integra shares rather than the winning lottery ticket you've had a massive fail.

    Of course if you were willing to accept that the laws of probability exist you would realise that you've had a lucky break. For everyone that went all in on a single stock perhaps 20% win, 60% do no better than average, and 20% lose everything. Sort of like playing russian roulette with your life savings but hey as long as you keep winning then you are the smartest kid in the class.
 
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