expected value

1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 5, 2019 by Howard Marks · across every show →

Everything said about expected value, oldest first

Mar 5, 2019 negative
Insight
Marks: Investors Cannot Rely Solely on Expected Value Calculations
“And so we can't just invest on the basis of the probability distribution and the expected value. We also have to take our own tolerances and predilections into account.”
Howard Marks Mar 5, 2019 ▶ 1:09:27 #53 Howard Marks: Luck, Risk and Avoiding Losers
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