Quote:
Originally Posted by Hermit
Finally we have someone here who stayed awake during Probability 101 class.  |
getting a job gives you a high probability of earning a mediocre income. go get a job.
but i wouldn't mind investing a little bit in a low-probability event that may give a high return. e.g. start a business on the side. i believe if you keep trying, lady luck will come.
the usual probability "experts" aren't rich people you know.
it's the _unusual_ probability experts, people who truly understand luck and probability, who will get abnormal returns. examples of these true experts:
Edward Thorp
Claude Shannon
Nassim Taleb
(they are highly intelligent, extremely well-versed in probability, AND they have exploited probability to be very rich)
btw, the putting-hand-in-a-blender example is truly the stupidest counter argument i've heard. only people who are at the probability-101 level can give such lousy examples.
