Pareto Principle
Tag Archive
(Extracted from Barking Up the Wrong Tree by Eric Barker) … there’s an 80/20 rule of sorts in networking. You probably met the vast majority of your friends through a handful of “superfriends”—the...
September 20, 2019|
Life, Nonlinearity
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(Excerpt from A Man for All Markets by Ed Thorp) Kelly’s criterion is not limited to two-value payoffs but applies generally to any gambling or investing situation in which the probabilities are known or can be...
September 19, 2019|
Investing, Kelly Criterion, Nonlinearity
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(Extracted from Fooled by Randomness by Nassim Taleb) The best description of my lifelong business in the market is “skewed bets,” that is, I try to benefit from rare events, events that do not tend to repeat...
September 19, 2019|
Investing, Nonlinearity
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“It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.” George Soros...
September 8, 2019|
Investing, Nonlinearity
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