Life's Too Short
Risk of Ruin
What Should the Data Look Like?
In gambling and investing, your edge can be approximated as the valuable information you have that no one else has. Mark made a career out of verifying whether the evidence fit his hypothesis. We were short a company called direct focus, and they were making all sorts of claims about their their inflamable beds. A lot of these beds were never really opened or properly returned. They were just thrown away.
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