4min chapter

What Goes Up cover image

SBF's Love of Risk

What Goes Up

CHAPTER

The Classic Theory of Choice Under Uncertainty

Pichu: I love it when people take this sort of more philosophical sort of 30,000 view of stories like this. Because there's a lot to be learned from that sort of approach. And you talk about what you call the classic theory of choice under uncertainty. Talk to us about what that means and how it plays out in real life and investing.

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