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How returns can be created out of thin air... when you have a bet with EV +8.333% of the money you put up. You can be assured that the possibilities of a portf
by SamReidHughes 4y ago
How returns can be created out of thin air... when you have a bet with EV +8.333% of the money you put up.
You can be assured that the possibilities of a portfolio balanced between a set of logarithmically random walking assets -- if one were to believe that individual stocks' behavior had such behavior -- is a well-contemplated concept in finance.