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chrinc9203
searching PlanetScale…
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by
chrinc9203
3y ago
> it can be shown that the gamblers wealth goes to 0 over suffiently large time scales with probability 1. In real life, the time scales are not long enough and the number of N samples in one’s life is too small. This is why retirees ove
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by
chrinc9203
3y ago
> Of course there are, but for how long? Long enough to rule out chance? Over 20-30 years. Private equity in the US averages 15% annual return, including funds that close/died with a total loss of capital. Citadel hedge fund was 20%