Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks – Read by investors in over 150 countries around the world

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probabilistic

What investors can learn from professional gamblers

  • by Rodney Smith
  • Posted on October 6, 2024October 6, 2024
  • Part 4: Principles of Operation

Now, real games are not like that at all. Real life is not like that. Real life consists of bluffing, of little tactics of deception, of asking yourself what is the other man going to think I mean to do. And that is what games are about in my theory.

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Luck and taking a flyer

  • by Rodney Smith
  • Posted on August 11, 2024August 11, 2024
  • Part 3: Thoughts for the Individual Investor

The notions of coherence, plausibility, and probability are easily confused by the unwary.

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Losing the winning game

  • by Rodney Smith
  • Posted on August 28, 2021July 19, 2022
  • Part 4: Principles of Operation

The betting errors made by the subjects included over-betting, under-betting, erratic-betting and betting based on previous flips

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