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S4E3: How even facts can mislead you with money - Finance Professor Alex Edmans
Making Money
High Standard of Proof in Investing Decisions
Having a high standard of proof similar to a criminal trial, beyond a reasonable doubt but not 100% certainty, is crucial for making sound investing decisions. The goal is not perfection but avoiding bad investments and focusing on actions with a threshold level of confidence, even if not at 100%. This approach helps prevent wasted money and time on poor investment ideas and activities that may not yield results.
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