Archived threads in /biz/ - Business & Finance - 19. page
Images are sometimes not shown due to bandwidth/network limitations. Refreshing the page usually helps.
I know I'm not the first person here to say this or make this post, but help me understand something.
You go to a casino with $1000
You go to a table and you bet $100 on red every single time.
If you lose the bet, you double it, so the bet after the first loss is $200, bet after the 2nd loss is $300 etc.
Obviously red/black is 50/50 however, the does not eliminate the chance of there being 7+ wins out of 10, as overall within 100 bets it will balance at 50/50
So why isn't this a valid strategy to get some money? Surely its better than mindlessly gambling on stocks like some people here do, no?
Because eventually a loss is so gargantuan it wipes out your capital. It doesn't work unless you have the monopoly of note issue.
>>1381151
Go ahead and test your thesis.
>>1381151
http://vegasclick.com/gambling/martingale-betting-system
Canadian here, why don't more people invest to own a Tim Hortons, yes I know you need 1.5 mil to own but it's better than buy a house here for 1 mil. Plus they make so much money in prime locations. For Americans, Tim Hortons is like your Starbucks or Dunkin Donuts.
>>1381148
Sorry to break the news to you, but Tim Horton's isn't Canadian - they are owned by Burger King.
>>1381220
Used to be Canadian before it was bought out.
How much profit would you take home every year? Assuming you have a manager run everything for you, it would just be a passive income source right?
So, the restaurant business. Is it a bad route to go? I would like to be an owner of a small food joint in the city (Chicagofag here). I know the failure rate for a restaurant in its first year is like 90-95% but fuck it, I think it sounds like a great life.
Am I wrong here?
are you an idiot?
>>1381140
You will die
