Ep. 47: Poker and Stock Markets
The Seen and the Unseen - hosted by Amit Varma
00:00
Survivorship Bias in Investing and Poker
The chapter discusses the concept of survivorship bias and its application in both poker and investing. They present a hypothetical scenario of a betting scam and explain how it relates to mutual funds. They highlight that a good performance by a mutual fund over a period of years does not necessarily indicate skill or good judgment, but could be due to chance.
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