4 ms·
Isn't this just picking up pennies on an active railroad track? You'll win small bets and then get run over once a long tail event completely wipes you out.
by krashidov 6mo ago
Isn't this just picking up pennies on an active railroad track? You'll win small bets and then get run over once a long tail event completely wipes you out.
- _3u10 6mo agoIf you bet it all on one event yes, otherwise long tail just loses your bet. Downside risk is limited to your bet.
- achandra03 6mo agoI don't think the author is trying to pretend this is some sophisticated strategy you should actually use (note the chudjak in the image on github)
- deleted 6mo ago[deleted]
- lxgr 6mo agoIf there's a consistent, sufficiently strong bias towards "yes" and you have enough capital, it doesn't matter as long as you size your bets right and you're able to survive a few train collisions.