[HardDrive]

What do you mean 60/40?

Originally Posted by zakthor

Just worked through this book and i thought it was really excellent.

Title asks, given the investment gains iof the past 150 years, why the descendants of the families from vanderbilt through the gatsby era arent themselves all billionaires.

Is a mathematical look at the importance of sizing bets.

Ive had a lot of probability but apparently never studied this real life stuff. Explains why a risk utility model is needed to deal with real life, expected value isnt sufficient.

I ended up writing programs to explore the games in the book and theyre right. It was not an easy read for me but it changed my mind about a lot of stuff.

Book convinced me i should be at just 60/40, feels better than just listening to experts.

Good book if youre interested in the math of betting and investing.