a700hitter

He used the term incorrectly because it sounds better than the accurate investment characterization of the transaction. Low risk/high reward sounds better than high risk/high reward, and most people don't know the difference and can easily confuse cost with risk. I like to use the example of a lottery ticket. It only costs a dollar. The payoff can be huge, but the odds, i.e., the risk of winning are enormously high. Is the $1 lottery ticket a low risk/high reward investment? No, it is not. It is high risk/high reward, and that is precisely why it is low cost. If your investment manager invested solely in lottery tickets and told you that he had invested in low cost/high reward assets, you'd have him arrested or committed to an insane asylum. Risk with regard to a portfolios assets has to do with the quality of the asset and the probability that it will perform at market levels. You pay more for low risk assets than you do for high risk assets. You allocate less of your portfolio to his risk investments. The $800k invested in Zumaya is a small portion of payroll. That doesn't convert the asset into a low risk asset. You just invest a smaller portion of your portfolio in high risk assets. Ryan has it 100% right.

I don't think he was invited to Spring training.

You've seen the explanations in the threads. You are just trolling now.

I'm not confusing anything, and neither is Terry Ryan.

I took notice of Terry Ryan's quote bolded above. He said: "I took a risk. It was a high risk with high reward." That is the proper characterization of a low cost- long shot. He clearly has an understanding of investment risks and and rewards unlike the History major that ran the Red Sox who constantly and incorrectly referred to dumpster diving as low risk- high reward.

Sounds like a good idea. I will do my part as well. Leaders lead.

Ortiz seems to be stepping forward. If a captain is named, it should be him

He'd break his hand hitting a heavy bag. The speed bag would knock him out.

LL on the Scutaro trade: Yes, salary dumping your starting shortstop is always a good baseball move. Shaughnessy called LL's attempt to sell the Scutaro trade as a baseball move "a whopper."

I don't know if I want to be part of a world where baseball and beer don't go together.

And 2004 is the last season we didn't have injuries to our starting staff.

Beer banned from MLB clubhouses? This is the the Civil Rights issue of our time.

What if Vodka got banned in your town? How would you feel about that?

That is funny.

Yaz smoked in the dugout before games, and I think that was against league rules. He came to play every day and prepared himself more than any player. Funny story about Yaz and Ted Williams and beer. Williams invited Yaz to go fishing on his boat during Spring Training. Yaz showed up with a cooler of beer. Williams was serious about his fishing. It wasn't just a couple of guys having fun. Williams points to the cooler and tells Yaz that there is no beer allowed on his boat. Yaz told Williams: "See ya later, Ted" and he walked away. I am sure that's how a lot of the players feel about this stupid rule. In Girardi's first year managing the Yanks, he had the ice cream machine removed from the clubhouse and candy was banned and replaced with dried fruit and nuts. I thought that was stupid too.

I think this is just stupid.

This was the liveliest off-season thread in the most uneventful off season in recent Red Sox history. Strip away the bickering and name-calling and emotion, and there is a lot of good stuff here. For better or worse, it is the record of TalkSox in the 2011 offseason. I have never been a big believer in censoring or sanitizing a record. It is what it is and it should remain warts and all, unless the book burners have their way.