Seed Round for Alchohol Delivery App

  

T3 ENDEAVOR CANADA (British Columbia)

  

Blockchain enabled accounting platform

  

LP Opportunity - Phase 1 Resort Development - 67.5% ROI, Monthly Dist.

  

$500,000 - $20,000,000

  

Bridge the Indigenous Digital Divide with Sequorum's 1 Gbps Internet. 10% annual dividends. 605% ROI

  

Funding for real estate

  

Bison, the perfect alternative

  

Big Calm Tiny Homesteads

  

Camper Van Conversion with ACP & Marine Plastic Interior/ Soap friendly recirculating shower

  

Commercial-Scale Cannabis Production Facility (Legacy Health Canada Applicant)

  

Equity Investment Opportunity in Electronic Health Record and Telehealth Platform

  

Projects under way!Last Chance! Joint Venture with principal back in THREE MONTHS and ONGOING INCOME

  

15% ROI bi-annually return on $500K – Silent Investor – Expanding International Wireless Business –

  

DreamPlay - A live streaming platform for gamers. See deck, video, and website

  

Business Partner Wanted

  

Here's an opportunity for you and I.

  

SaaS platform to integrate Canadian housing financial

  

ROI of $3.8MM on $2MM in year 4. 22% average annual return.

  

Communication Corp.

  

Eden Earthworks

  

User-Driven Growth

  

Sustainable Product with Health Benefits and High ROI (46%)

  

Integrated Facility Operations & Supply model positioned for International expansion!

  

MHP Project Development - Vancouver Island

  

Hemp-infused, Alcohol-Free Sparkling Cocktails

  

CO2 recycling service

  

Written guarantee 100% ROI within 12 months on Done-For-You Ecommerce store

  

Hart & Caron Property Management Researching partnership

  

The most unexpected way to avoid being caught cheating.

  

Clear Choice Building Maintaince

  

Social Media App Growth Funding

  

Innovative Existing Product

  

Need money for my invention

  

Share Sale

  

Tiny Home Builder - With orders to fulfill

  

LoveBud Essentials Online Store

  

Invest in Lindsay, Ontario Development Project

  

Purple Puffers

  

Newly Acquired business looking for short term operating loan. Up to 18% APR.

  

 

Canadian Investment Network


Recent Blogs


Pitching Help Desk


Testimonials

"This is to inform you that I have already obtained all the investment funds that I need to launch my project. I thank you for doing all you have done for me. I am thrilled beyond measure. Apparently I have a better idea than even I knew."
Jerry Johnston - Mega Clean

 BLOG >> Recent

Is Successful Business Investing a Non-Self-Weighted Process? [Investing
Posted on June 21, 2013 @ 07:05:00 PM by Paul Meagher

In my last blog, I suggested that to be a better business investor, you should focus on making your investing process more skillful rather than focusing on short term results because business investments are subject to significant "luck" or "chance" factors that are not fully under an investor's control. If an investor focuses on improving their investment process rather than focusing exclusively on short-term results, then over the long haul it might produce better returns and result in less short-term anguish over outcomes.

So what does a skillful gambling process consist of, and, by extension, what might a skillful investing process look like?

Non-Self-Weighting Processes

Some advice from gambling theory is that profitable gambling processes are non-self-weighting.

This terminology is due to Mason Malmuth from his book Gambling Theory and Other Topics, 2004, p. 16.

Quickly recapping, self-weighting gambling strategies are those in which many plays are made for similiar-sized bets, while successful non-self-weighting strategies attempt to identiy where the gamble has the best of it and then to make the most of it. As already noted, only non-self-weighting strategies, where appropriately applicable, are profitable for the gambler.

To properly grasp the concept of "self-weighting" I think it helps to formalize the concept a bit.

A perfectly "self-weighting" (SW) betting process is one that consists of N betting events wherein you bet the same amount on each bet for all N betting events (e.g., each hand of poker). The individual bet would be equal to the mean bet for all betting events (e.g., bet $20) producing 0 dispersion among betting events. Someone who is reluctant to bet more on hands with good odds tends towards the ideal of a "self-weighting" betting process. They are not likely to be successful gamblers.

A "non-self-weighting" betting process (NSW) is one in which there is significant variation in bets accross events and significant non-participation in some betting events. When a skillful gambler earns a profit after a round of poker, this could be indicative of playing the betting odds successfully, not participating in some hands, and not recklessly going "all in" on any one bet.

The successful gambler minimizes risk by playing the odds successfully. This consists of dropping out of many hands and betting more in those hands which have favorable odds for winning. Over the long haul, this can produce profits for a gambler provided they know how to also manage their bankroll to stay in the game (e.g., don't go "all in" and lose your bankroll). On each bet/investment you are managing "money" in the short term, but your "bankroll" in the long term. Bankroll management is of more concern to the successful gambler than money management.

I am not suggesting that you treat business investing as equivalent to poker betting. What I am suggesting is that the theory of gambling has some concepts that might be useful for thinking about the fundamental nature of successful business investing, namely, that is a non-self-weighted process.

Permalink 

 Archive 
 

Archive


 July 2021 [1]
 June 2021 [1]
 May 2021 [2]
 April 2021 [3]
 March 2021 [3]
 February 2021 [1]
 January 2021 [1]
 December 2020 [1]
 November 2020 [1]
 June 2020 [3]
 May 2020 [1]
 April 2020 [2]
 March 2020 [1]
 February 2020 [1]
 January 2020 [1]
 December 2019 [1]
 November 2019 [2]
 October 2019 [2]
 September 2019 [1]
 July 2019 [1]
 June 2019 [2]
 May 2019 [3]
 April 2019 [5]
 March 2019 [4]
 February 2019 [3]
 January 2019 [3]
 December 2018 [4]
 November 2018 [2]
 September 2018 [2]
 August 2018 [1]
 July 2018 [1]
 June 2018 [1]
 May 2018 [5]
 April 2018 [4]
 March 2018 [2]
 February 2018 [4]
 January 2018 [4]
 December 2017 [2]
 November 2017 [6]
 October 2017 [6]
 September 2017 [6]
 August 2017 [2]
 July 2017 [2]
 June 2017 [5]
 May 2017 [7]
 April 2017 [6]
 March 2017 [8]
 February 2017 [7]
 January 2017 [9]
 December 2016 [7]
 November 2016 [7]
 October 2016 [5]
 September 2016 [5]
 August 2016 [4]
 July 2016 [6]
 June 2016 [5]
 May 2016 [10]
 April 2016 [12]
 March 2016 [10]
 February 2016 [11]
 January 2016 [12]
 December 2015 [6]
 November 2015 [8]
 October 2015 [12]
 September 2015 [10]
 August 2015 [14]
 July 2015 [9]
 June 2015 [9]
 May 2015 [10]
 April 2015 [9]
 March 2015 [9]
 February 2015 [8]
 January 2015 [5]
 December 2014 [11]
 November 2014 [10]
 October 2014 [10]
 September 2014 [8]
 August 2014 [7]
 July 2014 [6]
 June 2014 [7]
 May 2014 [6]
 April 2014 [3]
 March 2014 [8]
 February 2014 [6]
 January 2014 [5]
 December 2013 [5]
 November 2013 [3]
 October 2013 [4]
 September 2013 [11]
 August 2013 [4]
 July 2013 [8]
 June 2013 [10]
 May 2013 [14]
 April 2013 [12]
 March 2013 [11]
 February 2013 [19]
 January 2013 [20]
 December 2012 [5]
 November 2012 [1]
 October 2012 [3]
 September 2012 [1]
 August 2012 [1]
 July 2012 [1]
 June 2012 [2]


Categories


 Agriculture [74]
 Bayesian Inference [14]
 Books [15]
 Business Models [24]
 Causal Inference [2]
 Creativity [7]
 Decision Making [17]
 Decision Trees [8]
 Definitions [1]
 Design [37]
 Eco-Green [4]
 Economics [12]
 Education [10]
 Energy [0]
 Entrepreneurship [68]
 Events [2]
 Farming [20]
 Finance [25]
 Future [15]
 Growth [19]
 Investing [25]
 Lean Startup [10]
 Leisure [5]
 Lens Model [9]
 Making [1]
 Management [9]
 Motivation [3]
 Nature [22]
 Patents & Trademarks [1]
 Permaculture [36]
 Psychology [2]
 Real Estate [3]
 Robots [1]
 Selling [12]
 Site News [17]
 Startups [12]
 Statistics [3]
 Systems Thinking [3]
 Trends [9]
 Useful Links [3]
 Valuation [1]
 Venture Capital [5]
 Video [2]
 Writing [2]