Analysts playing the lottery (stocks)
Playing the lottery is commonly frowned upon by educated people as a “tax on people who are bad at maths”. And that’s true, playing the lottery may be “a bit of fun” but it is costly fun because on average you lose money for the small chance of winning the jackpot. It’s a bit like smoking. If you do it once it is fun, but do it long enough and it will b…
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