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Ep 111: Probability - Reality, Rationality and Risk

ToKCast

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Investing in a Casino Is a Bad Idea.

There is no way to know beforehand what the future holds with any precision. You can either have some relevant and specific knowledge, or you can lack it. It's not a matter of probably having that know; it's black and white. But if you do have good explanations, you either do or don't invest. And so too with investing. There might be a case to be made for having fun in the stock market rather than focusing directly on getting a good return on making money. In all other cases, you want to have knowledge, knowledge of what actual is,. Not because it can possibly guarantee what will be when it comes to success or Failure.

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