The Madness of Forecasting
A national championship, no electricity for miles around, and a dead classmate. What happened? Forecasting failed us.
A national championship, no electricity for miles around, and a dead classmate. What happened? Forecasting failed us.
“Jesse, your career change…it’s a huge risk, right?” But how do I define risk? How does that definition apply to this question? Is my career change a huge risk? Is it risky at all?
Surely that’s a typo…ergodicity!? No, it’s right! Ergodicity is a powerful concept in economic theory, investing, and personal finance.
Let’s put dartboard investing to the test, using real money in this year-long investing experiment. Will the darts beat the experts?
There’s no magic pill. But there are plenty of heuristic personal finance shortcuts than can simplify your journey.
From roulette wheels to hurricane paths, Monte Carlo simulations help us model random scenarios, pulling signal from the noise.