Money and Finance
Video: The Drunkard’s Walk: How Randomness Rules Our Lives
Via Simoleon Sense:
Video: The Drunkard’s Walk: How Randomness Rules Our Lives
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Book: The Drunkard's Walk: How Randomness Rules Our Lives
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Links
East Coast Q4 2014 Letter: All Is Well Since All Grows Better (LINK) Allan Mecham’s Arlington Value Capital 2014 Annual Letter (LINK) Cantab Capital Partners: Cursed by Randomness [H/T @george_cooper__) (LINK) Fireside Chat with Eric Schmidt and Sal...
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Randomness And The Lost Lesson Of Bill Miller
A related quote from Nassim Taleb that I posted on Twitter this morning: “Recall that the survivorship bias depends on the size of the initial population. The information that a person derived some profits in the past, just by itself, is neither meaningful...
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A Hint Of Hype, A Taste Of Illusion – By Leonard Mlodinow
Found via Simoleon Sense. They pour, sip and, with passion and snobbery, glorify or doom wines. But studies say the wine-rating system is badly flawed. How the experts fare against a coin toss. … Despite his studies, Mr. Hodgson is betting that, like...
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Nassim Taleb Talks About The Book “dance With Chance”
Great find from Miguel at Simoleon Sense. Link to Miguel's post and video: HERE .................... Related books: Dance with Chance The Black Swan Fooled by Randomness The Drunkard's Walk
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Hollywood Success: Luck Or Skill? - 2006 Article By Leonard Mlodinow
The magic of Hollywood success—how can one account for it? Were the executives at Fox and Sony who gambled more than $300 million to create the hits “X-Men: The Last Stand” and “The Da Vinci Code” visionaries? Were those at Universal responsible...
Money and Finance