doughishere Posted March 3, 2016 Share Posted March 3, 2016 Guys like Ackman, Buffett, Munger, Paulson, [insert name here], are they sigma events? Wikipeida fat tail distribution if you don't know what I'm talking about?......Discuss. Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Mark Zuckerberg, Patrick Kane, Lebron James, Kanye West, Gisele, Tom Brady, Tiger Woods, Lady Ga Ga, Sun Zu, [insert Name Here]. Obama. Are they all sigma events? Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Michael Burry a Sigma Event? Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Can anyone quantify how much of their success is based off of others? Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Is picking a winner stock a sigma event? What would Ben Graham say? Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Thinking something is undervalued. Is that opportunity a sigma event? There's smart opinionated people in these forums. Trumpaficate Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 People flock to the United States. Is being born here a sigma event? Latest letter from Buffet he thinks so.....this is the Corner where Birkshire and Fairfax meet is it not? Is thinking somthing over valued. Is that a sigma event? All these "smart" people what's the difference? What does Howard Matks say in his book?...who cares he's a sigma event..I guess Link to comment Share on other sites More sharing options...
doughishere Posted March 3, 2016 Author Share Posted March 3, 2016 Why are you better than Johnny Manzell or Trump?...silence Link to comment Share on other sites More sharing options...
TheAiGuy Posted March 3, 2016 Share Posted March 3, 2016 k, so "sigma events" are only useful if you are primarily concerned with the mean and not the distribution of outcomes. Its a like a quick and dirty measure of surprise factor. But, you know, a bad one. The clearest example of this of the ones you gave is Obama. Someone has to be president, so the surprise factor (as a probability) that someone is president is close to zero, but that it would be Obama specifically would be close to 1 (ex-ante). I would argue this pattern is true with basically everything you named. Link to comment Share on other sites More sharing options...
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