Ergodicity: The Coolest Idea You’ve Never Heard Of
Surely that’s a typo…ergodicity!? No, it’s right! Ergodicity is a powerful concept in economic theory, investing, and personal finance.
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risk
Risk Posture
“If I compared 1000 401(k) maximizers against 1000 degenerate gamblers, which group would have a better financial outcomes?”
Their risk posture is key.
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