Investing: Probabilities Rather Than CertaintiesGuest Post
Investing: Probabilities Rather Than Certainties by Cook & Bynum
Investing is a probabilistic endeavor, and being “certain” of a particular outcome – whether it is the direction of a commodity’s price, the shape of a yield curve, a smooth and steady increase in a company’s earnings, etc. – is the enemy of good decision-making and a recipe for permanent capital loss. A talk that Jason Zweig gave back in 2001 is a useful reminder of this idea.
So why did . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.