45. Are You Playing Russian Roulette With Life?
Shit You Don't Learn in School
Introduction
This week we're going to be talking about tail risks and tail opportunities. In a normal probability distribution, it looks like most of the observations converge around the mean. As you go along the distribution, you start to get to the tails, which are basically the ends of the distribution. And i think typically when people are talking about tals or tail risk, they're alking about any event that is more than three standard deviations outside of the mean.
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