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Value After Hours S05 E13: Matthew Cochrane, History of Insurance and Gambling, Value, and Recession

The Acquirers Podcast

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The Probability of the Future

Pascal and Fermat were first to provide the mathematical proof behind what today we would call like expected value calculation. And which is now like the modern cornerstone of insurance and risk management. In 1690, an astronomer named Edmund Haley studied the data of births and deaths in this little town called Bresla. He pieced together that there was a series of comets.

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