Far too simplistic Triage and a bad example to quote.
There is no comparison when buying lotto tickts to buying shares in a company.
Firstly, if you don't win a prize in the lottery, you have nothing left. However, if you buy shares in a company then you hve the option of selling them at any time and getting proft/all/some of your initial outlay back.
I don't think he has ignored the laws of probability. He has done his research and selected a company that he believes will deliver the goods. In your lotto example there is no research to be done - just choose numbers and hope for the best.
He hasn't had a lucky break - he selected a company after due diligence.
Sorry Triage, but not one of your better posts!
IGR Price at posting:
64.0¢ Sentiment: LT Buy Disclosure: Held