GameTheory
06-06-2002, 02:21 AM
I believe it was a Harlan Ellison essay where I first came across the idea that "95% of everything is sh*t", and I took it to heart. It actually helps me be optimistic.
What am I talking about? Music, movies, art, household products, everything. If you just take it as a given that 95% of any given ANYTHING is garbage, then when you look around and seem to see nothing but garbage, you just have to remember you should only expect 5% of the stuff (at best) to be worthwhile.
For instance, there are lots of good books in the world, but there are a gazillion more bad ones. Same with everything else.
So let's look at horse racing. As has been previously theorized, probably only 5% of bettors make money consistently. Coincidence?
Now let's look at the world of handicapping books, magazines, software programs, etc. In absolute numbers, there aren't that many of them to begin with. Why, I've got to have 20 pieces of software just to be able to have the expectation that one of them is any good.
And how many periodicals are dedicated to horse racing, and handicapping in particular? Two? One and a half?
What about books? A few hundred? And since the game changes over time, how old can a book be and still have value, even if it WAS good? 20 years? 10 years? Less? How many new books do we get every year? Two?
OF COURSE THEY ALL SUCK.
So, when I hear things like, "You can't beat the races with <blank>." or "You can't beat the races AT ALL." my first thought is, well, you know, the jury is still out. Compared to other human endeavors like the stock market, or even playing baseball, not very many people have tried. In terms of software, it is a MIRACLE that any of it works. If you get one good idea out of book, you should be grateful.
I'm not sure what my point is, but I just thought I'd share that. I sure am happy there is a place like this where the 5% gather...
What am I talking about? Music, movies, art, household products, everything. If you just take it as a given that 95% of any given ANYTHING is garbage, then when you look around and seem to see nothing but garbage, you just have to remember you should only expect 5% of the stuff (at best) to be worthwhile.
For instance, there are lots of good books in the world, but there are a gazillion more bad ones. Same with everything else.
So let's look at horse racing. As has been previously theorized, probably only 5% of bettors make money consistently. Coincidence?
Now let's look at the world of handicapping books, magazines, software programs, etc. In absolute numbers, there aren't that many of them to begin with. Why, I've got to have 20 pieces of software just to be able to have the expectation that one of them is any good.
And how many periodicals are dedicated to horse racing, and handicapping in particular? Two? One and a half?
What about books? A few hundred? And since the game changes over time, how old can a book be and still have value, even if it WAS good? 20 years? 10 years? Less? How many new books do we get every year? Two?
OF COURSE THEY ALL SUCK.
So, when I hear things like, "You can't beat the races with <blank>." or "You can't beat the races AT ALL." my first thought is, well, you know, the jury is still out. Compared to other human endeavors like the stock market, or even playing baseball, not very many people have tried. In terms of software, it is a MIRACLE that any of it works. If you get one good idea out of book, you should be grateful.
I'm not sure what my point is, but I just thought I'd share that. I sure am happy there is a place like this where the 5% gather...