![]() ![]() Others will author books and give TED talks on winning strategies in Russian roulette. Some of them will brag to their friends about the “trick” they used to beat the game. 83% or 83 people in total will survive and become millionaires. If you survive, you get to keep the money and if you do not, it goes back to the state.Ībout 5 out of every 6 people i.e. Imagine if the government said it was offering £1 million to a hundred people to play a game of Russian roulette. ![]() The same can be said for investing, admittedly without the flair of Tolstoy All good investment decisions are alike whereas all bad investment decisions are unique in their own way.Īll good investments, in essence, try to minimise speculation about something that is unknown and fundamentally unknowable. The Russian author Leo Tolstoy noted in his novel, Anna Karenina, that all happy families are alike whereas each unhappy family is unhappy in its own way. ![]()
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