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“It’s important in most areas of life to come up with a probability instead of a yes or no,” he told me. “It’s a huge flaw that people make in a lot of areas that they analyze, whether they’re trying to form a fiscal union, pay for groceries, or hoping that they don’t get fired.” Dwan seeks to exploit these tendencies by deliberately obfuscating hi
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Billion Dollar Fantasy: The High-Stakes Game Between FanDuel and DraftKings That Upended Sports in America
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Be nicer and less flashy. No
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
In the United States, we live in a very results-oriented society. If someone is rich or famous or beautiful, we tend to think they deserve to be those things. Often, in fact, these factors are self-reinforcing: making money begets more opportunities to make money; being famous provides someone with more ways to leverage their celebrity; standards o
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
David Swensen’s Unconventional Success or Joel Greenblatt’s You Can Be a Stock Market Genius.
Laurence Endersen • Pebbles of Perception: How a Few Good Choices Make All The Difference
Day trading and picking individual stocks is not rational for most investors—the odds are heavily against your success.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
“the king of gamblers,” Nick the Greek.
Derek DelGaudio • AMORALMAN: A True Story and Other Lies
another instinct for which player in this position is likely to win.