The Ten Commandments of Investing
Many Happy Returns
00:00
How Do You Measure Correlation?
The idea is you can look at this tree and see if you've accidentally concentrated your portfolio. It's a kind of statistical measure, which is based on whether things surprise on the upside and downside at the same time. The problem is that you just end up buying more of the same stuff, even though it's labeled differently.
Transcript
Play full episode
