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It's not purely chance how well a company will do. And if you just consider the statistics I wouldn't have thought that the fraction of companies failing is th
by welterde 11y ago
It's not purely chance how well a company will do.
And if you just consider the statistics I wouldn't have thought that the fraction of companies failing is that extreme for it to be negative in the expectation value (especially if you group it into different categories, etc.). Economically it sounds counter-intuitive to me as well.