The answer to the question that titles this post is an easy one. The answer is yes, absolutely, yes.
Sep 09, 2014
We often talk about putting the odds in your favor. In our opinion, speculating in the stock market is akin to gambling and in most times you are more likely to lose than win. Well, what about playing Powerball with your lucky numbers on a gut feeling?
According to the July/August 2014 issue of the Smithsonian Magazine, it would take 1,167,843 YEARS of playing the Powerball to have a 50-50 chance of winning the jackpot. This was taken from The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day by David J. Hand.
Is might just be us, but we do not like these odds very much. We encourage clients to always ask themselves how likely it is their investment thesis will work out before putting money to work.