
Risk, Uncertainty, and Ignorance
In life, you rarely deal with situations which are purely risky. Learning to deal with the unknown is more important.
In life, you rarely deal with situations which are purely risky. Learning to deal with the unknown is more important.
Here are two mental models that explain the nature of the stock market.
While commonly used in the world of betting and finance, the Kelly criterion is poorly understood.
© 2020 Junto Investments, all rights reserved. The content provided on the Junto Investments (“Junto”) website is for informational purposes only, and investors should not construe any such information or other content as legal, tax, investment, financial, or other advice. Nothing contained on junto.investments constitute a solicitation, recommendation, endorsement, or offer by Junto or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. See our Terms, Privacy Policy, and Disclaimer.
Sign up for the Sunday Briefing newsletter. Each email includes the best stuff I’ve read, a business of the week, a quote of the week, and one short idea to ponder.