I recently wrote about how life is a game of probability, not luck. Money, like life, is also a game of probability. While there is nothing you can do to guarantee financial success, you can do things that will greatly increase your chances. Before getting into the strategies that will swing the odds in your…
Tag: Success
Misc., Money Parables
The Four Laws of Success and Probability
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•Of course I believe in luck. How otherwise to explain the success of those you dislike? – Jean Cocteau, French writer and artist The most important questions of life are, for the most part, really only problems of probability. – Pierre-Simon Maquis de Laplace, French mathematician & pioneer in the field of statistics Meeting Phil…
Investing, Misc.
The Secret of Success (According to a Middle-Eastern Philosopher and an American Cartoonist)
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•The Philosopher and the Cartoonist The Middle-Eastern philosopher is Nassim Nicholas Taleb. Taleb is a Lebanese-American author, academic, statistician, and philosopher. He achieved riches in bond trading and fame from his best-selling books Fooled by Randomness and The Black Swan. He is pretentious, overbearing, and arrogant. He believes he has the world figured out and…