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TIP 504: Opportunities in Energy, Metals and Mines w/ Will Thomson
We Study Billionaires - The Investor’s Podcast Network
How Do You Think Probabilistically?
We were very excited to have you on and you have a very niche focus. One of these things in particular I'm speaking about is thinking and probabilities. Well it sounds so easy to just say and you can read books on thinking in bets and applying some probabilities. But not sure enough investors actually do this. So I'm curious if you can walk us through a situation in which it makes sense to apply probabilities to expected cash flow instead of setting some simple static discount rate.
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