Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Tuesday, December 13, 2016

Mathematical Concepts Investors Should Know

Photographer: by James Leynse/Corbis

Odd Lots: These Are the Mathematical Concepts Investors Should Know

Victor Haghani on the pros and cons of quantitative finance.
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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by mathematics, yet plenty of people still go against the laws of numbers and probabilities when it comes to investing their money.

This week we speak with Victor Haghani, CEO of Elm Partners Management LLC and the co-founder of the collapsed hedge fund Long-Term Capital Management LP, about the most important mathematical concepts for investing. We also discuss the pros and cons of quantitatively-led finance.






Link: https://www.bloomberg.com/news/articles/2016-12-12/odd-lots-these-are-the-mathematical-concepts-investors-should-know

 

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