---
title: "If you buy a bunch of lottery tickets and you win the lottery, it..."
date: 2024-01-07
source: facebook
type: comment
context: "Michael Tozoni's photo"
fb_link: "https://www.facebook.com/dyi/l/?l=AYNCjK-qZm0vbRcty-ZMFF6WRZNPqxKcakax_AtuLvyuTRXdOLIJED3emhMqht_7uwdH-zSA9bbaaVpPogxsLoyCN6uQoMd2rz8MW_fcBbEUPIYQ1gFlxeg_QItN4LBq7zUoFYKjjNhZDpin1tgH-6Q-TytP7-p1-Yv6RM8TiKkTITrAOn35A6LhyUvwJjbYuz_UU6j4Q1Q&s=519"
---

# If you buy a bunch of lottery tickets and you win the lottery, it...

*January 7, 2024 — Comment Michael Tozoni's photo*

If you buy a bunch of lottery tickets and you win the lottery, it doesn't mean that buying lottery tickets was a good decision a priori.  Sometimes bad decisions pan out due to dumb luck.  Many once profitable companie created at the same time as MSFT have since gone belly up.  Diversifying was a good idea a priori, even if it turned out to be less profitable post-hoc.