5 ms·
If the expected value is positive that means in the long run it should be fine right?
by moneywoes 4y ago
If the expected value is positive that means in the long run it should be fine right?
- vgt 4y agoI am not a fan of Taleb these days (he went off the deep end in conspiracy land), but it's worth reading his "Black Swan" book. These tail risks are impossible to predict, and volatility of volatility of these events is incredibly high. So your expected value is better to think of as a "very broad range with a positive mean" - are you comfortable with this?
- mikeyouse 4y agoIn the long run, we're all dead...
- NovemberWhiskey 4y agoIf you have infinite capital, and the market is infinitely liquid, sure. c.f. martingale betting strategies.