Lone wolf investor

  (Free Image Credit: Freepik) This article is a tribute to a close friend who passed on 5 years ago. His wisdom, his generosity and his brotherhood will always be remembered. His kindness towards everyone will always be an inspiration to me. God bless.  Welcome to the new investment year of 2025 when everyone starts on a clean slate. If you have done well last year, give yourself a pat on the back, if you had not done so, there is no need to be despondent. Just dust yourself off and carry on. I wish everyone a profitable year ahead. For those who are new to my blog, let me take this opportunity to welcome you. I hope you enjoy reading my blog as much as I enjoy writing it. Let me make a formal introduction of myself and the purpose of my blog. Today is the third anniversary of Lone Wolf Investor. The blog was officially launched on the 10th of Jan 2021, at the height of the COVID 19 pandemic. During the pandemic, there was nothing much an individual could do besides exercisin...

  (Source: CBS; Jerry and Marge Selbee, a retired couple in their 60s manage to beat the odds) Against All Odds I took an interest in the various kinds of odds associated with table games in a casino after my trip on a Genting cruise recently. The casino enjoys a house odds over the players in any games. The game of Blackjack happens to have the lowest disadvantage to the gambler. The house has a 51% chance of coming out as a winner in every game. The second game that has the lowest house odds happens to be the favourite game of high rollers, Baccarat. The odds are 48.94 vs 51.06 in favour of the house. One must be thinking the house odds weren’t that great; 1% is negligible. The odds stay at 49% vs 51% if the players played just one game. If the rule of probability is added to the equation, that 1% becomes a very big advantage over several games.  As I was indulging in my research, I came across a couple from Michigan that managed to beat the house in the game of lottery. Jer...