Word: risks
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...gambling,” Darkhawk says. “Everything I’m doing, I know and have calculated—not completely, exactly. But over the long run, I’m going to make money.” A skilled poker player will have reduced his risk until he is confident of the results of his game, according to Darkhawk. With all its connotations of irrational risk-taking and unpredictable outcomes, gambling is no longer an applicable term when the game of poker has a firm foundation in analytics and intellect. Yes, one can never determine...
...your friend has to give you $110, and instead of $10, you have to give him $100. You could wipe out your entire coffer after 10 coin tosses. The idea is similar for smart poker-playing: the trick is to play at levels at which you have a negligible risk of going broke, but you’re still able to make a significant profit...
Hawrilenko doesn’t make as clear a distinction between gambling and professional poker playing, but he says that he has greatly diminished the risk factor associated with compulsive gambling. “A lot of times, when people think ‘gambling,’ they think ‘gambling your savings away,’ or playing with money you can’t afford to lose. My cousin asked me the other day, ‘So, can you sit down at the table and lose your house?’ It?...
...idea "unless they could demonstrate this wouldn't put a target on Michigan. It'd be a difficult sell, politically." David Fathi, U.S. program director at Human Rights Watch in Washington, urges caution in the rush of states moving into the business of transporting prisoners. "There's a risk that conditions will deteriorate as corners are cut to make more money," he says. (See TIME's graphic "Detroit: Now a Ghost Town...
...Most small biologics companies are still years away from seeing their first profits in this high-risk, high-return business. Their trade association, BIO, says that in the past 11 months, at least 40 of them have cut back or eliminated drug-development programs. The venture capitalists who invest in them "aren't looking to cure Parkinson's disease as much as they are looking for a return on their investments," says Greenwood. "They're just as happy to put their money into the next iPod." But increasingly, the big players in the pharmaceutical industry are moving into the biologics...