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If we had all done that exercise in school, more people would be better at managing their money. This analogy only works if "success" or whatever is a random wa
by keithly 10y ago
If we had all done that exercise in school, more people would be better at managing their money. This analogy only works if "success" or whatever is a random walk (like I believe picking stocks is).
- ryandrake 10y agoYea, totally relevant exercise when you want to explain to students the phenomenon of the "superstar mutual fund manager".