I recently posted Entry #4 for my Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s entitled The Stock Investor’s Weather Report.
Juicy Excerpt: Say that a gambler pulls a slot machine lever only 10 times. Is it a certainty that the house will end up winners? it is not! Even though the odds favor the house, it is entirely possible for a gambler who only pulls the lever 10 times to end up ahead. Ten pulls of the slot machine lever are just not enough tries for the statistical probabilities that favor the house to assert themselves and come to control the outcome.