Eugene Ng's avatar
$18.6m follower assets
Unconstrained Outcome Distributions
In investing, unlike baseball, you do not get truncated outcome distributions.

If you swing for the fences, despite being strike out a lot, you will hit some home runs.

It is the long-tailed distribution of outsized returns, where the big winners more than pay for all losers.image
Joey Hirendernath's avatar
Love the analogy used to make your point!

In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.

Peter Lynch