A pencil with a pentagonal cross section has the maker's logo imprinted on one of its five faces. If the pencil is rolled on the table, what is the probability that it stops with the logo facing directly up?
Above is the diagram of a pencil with a pentagonal cross section. When you roll the pencil, it will always stop on it flat side with the corner point up. The makers logo will never be pointing DIRECTLY up.
Probability of the makers logo pointing directly up is therefore zero.
A pencil with a pentagonal cross section has the maker's logo imprinted on one of its five faces. If the pencil is rolled on the table, what is the probability that it stops with the logo facing directly up?
Above is the diagram of a pencil with a pentagonal cross section. When you roll the pencil, it will always stop on it flat side with the corner point up. The makers logo will never be pointing DIRECTLY up.
Probability of the makers logo pointing directly up is therefore zero.
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
