Date: Sun, 28 Aug 2005 23:57:35 CST
From: "anoop" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Just needed to share this.
   posting-account=7EremQwAAADzeeCzSdjXX9sjWVly23V9
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Michael Sullivan wrote:

> I need to argue with the logic of this.  Consider:
>
> "gambling money on coin flips and going double-or-nothing until you end
> up ahead or run out of money is not risky, because most of the time you
> eventually win."

There's actual a mathematical problem called Gambler's Ruin which
says that if a gambler starts with finite resources, then as time
goes to infinity, he will lose everything he has :-)
http://www.jimloy.com/gambling/ruin.htm

Anoop