2min chapter

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses cover image

Growth Without Goals: Permanent Approach

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

CHAPTER

Is Bayesian Keeping Up With New Information?

When we brought up the idea of Bayesian updating, Emily's face lit up and she was like, oh, ask brain about Bayesian updating. It is merely just constantly updating your assumptions based on the information you get. So when new information comes in, do you lock down and say, I'm going to ignore it because we have a plan? David: We're constantly integrate new information into how I'm thinking about it and consider and reconsider.

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