Tuesday, September 04, 2007

Playing the odds.

I don't know who's idea it was, but someone at the Help Desk got it in their heads to solicit analysts to join in a group gambling pool. Everyone pitches in a few bucks to buy lottery tickets and if there's a winner we can all quit this lousy job and share in the spoils.

I had nothing to do with it because I understand the odds but apparently many others did not.

$200 invested in a Powerball chance returned a win of $38.

That $38 was then invested in a Mega Millions chance at $325 million. It returned $3.

Even our company stock isn't posting losses like that, even with the former CEO suing the company for wrongful termination.

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