Probability in Life, Investing and Finance
An event can be extremely likely and not happen or an event can be extremely unlikely and still happen. This is an idea that many people find confusing. Today we’ll be discussing probability and why it’s important for investors to have a good understanding of how it works. Probability is the study of events and outcomes that involve an element of uncertainty, rolling a dice for example involves uncertainty as does investing in the stock market. Rolling two dice at the same time has an uncertain
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