World's Worst Investment Advice

A blog about business and economics.
March 8 2013 4:14 PM

Don't Take Investment Advice From Facebook

gamble

Courtesy of Michael Linden's Twitter feed, here is some terrible investment advice.

This is a version of the martingale betting strategy but along with the standard problems you face the fact that the casino gives you rigged odds. Because of the 0 and 00 slots on a roulette wheel, the odds of black turning up are below 50 percent.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.