Imperfections In The FormulaThe flaw in the oversimplified equation is that it suggests that the letters (C and r) are known with certainty. Take a look at the differences in earnings estimates (the C’s) for a specific company, compared to actual results. Again,...
Maybe Rafiki Said It BetterMarkets do not care what your performance has been. We look at the past to know where other people have bought or sold. Nothing more. Jae's Corner: Uncommon Financial Insight is a reader-supported publication. To receive new posts and...
In This Video:Facts can change, and Bayes tells you that probabilities can change. Therefore, being stuck with antiquated shortcuts, incompletely formulated from the beginning, is a path to nothing good, unless you are very, very lucky.Medicare ABCs Seminar (here’s...
We are back to what I have repeated many times.The denominator is poorly understood, it was presumed to be both stable and lower. No longer.There is one party that influences the denominator like no other, and there is no identifiable second place. This is the leader...
Oil Crash and Statistics (not financial advice)As of this writing, oil way down (-8.09%) and stocks up (+.49%).
The Ultimate TakeawayThe common misnomer is assigning the word “gambling” to “calculated estimate, with a random outcome, within a range of ultimate outcomes, that looks a LOT like the lattice.”Loose lips assign simple, wrongful definitions in order to understand the...