Probabilistic Universe

Between 0.0 and 1.0.
markets
risk
Author

Eric M. Baumel, MD

Published

October 30, 2020

We live in a probabilistic universe, with the obvious exception of death. Even taxes are probability weighted.

There is no absolute certainty in markets or anything else in life. The outputs of all our calculations should be expressed in terms of percentages. Chance rules all. Risk is not just built into the system, it IS the system.