mrvlad0 Posted April 15, 2013 Share Posted April 15, 2013 The Babe Ruth Effect: Frequency versus Magnitude the frequency of correctness does not matter; it is the magnitude of correctness that mattersThe_Babe_Ruth_Effect_-_Frequency_vs_Magnitude_2002.pdf Link to comment Share on other sites More sharing options...
Guest hellsten Posted April 15, 2013 Share Posted April 15, 2013 Thank you. Great read. "Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about." ~Berkshire Hathaway Annual Meeting, 1989. Link to comment Share on other sites More sharing options...
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