It's rather surprising then, that people who success many times in the row, tend to employ eigenvalues rather than use igon value. Why could that be?
Of course, the role of luck in market is huge. But among the sequential winners, you will tend to find people who win a bit more than 50% of the time. There's many opportunities to do something very stupid (e.g. invest in hydrinos) and lose.
Of course, the role of luck in market is huge. But among the sequential winners, you will tend to find people who win a bit more than 50% of the time. There's many opportunities to do something very stupid (e.g. invest in hydrinos) and lose.
Of course, the record is full of people who make money for years, only to explode later on (look at John Meriwether's career up until Long Term Capital Management blew up so spectacularly). Were these people always just lucky? We can never know. I take Taleb's point (filtered through Gladwell) to be that the base ...
Another month, another rationality quotes thread. The rules are: