PE> I am thinking I should move all my money into mining stocks.

RS> That certainly increases the chance of doing well,

PE> What do you mean by this,

RS> Its like all risk taking with investments, if you take
RS> much more risk, you stand to win a hell of a lot if it
RS> pays off, but the risk of losing is increased as well.

That's not what that statement above says though.  There is a
difference between the CHANCE of a payoff and the AMOUNT of the
payoff.  Of course risky investments increase the AMOUNT of the
payoff, but I was wondering why you said it increased the CHANCE.

PE> and what evidence do you have to support this?

RS> If you havent already noticed that effect....

*I* *personally* have noticed the larger AMOUNT of payoff, but have
not really got a handle on the CHANCE.  Actually, the thing that I
am REALLY interested in is the AVERAGE RETURN, and I have basically
taken a *guess* that the riskier investements will have a higher
AVERAGE RETURN IN GENERAL, but I am keen to find some solid supporting
evidence for that, because my guess might be wrong.  BFN.  Paul.
@EOT:

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