Eigenvaluator
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Your 10yr Annualized Returns - Study of the high returners
Eigenvaluator replied to TBW's topic in General Discussion
I enjoyed this viewpoint. In assuming P(X) = P(X|S) P(S) + P(X|~S) P(~S) = 0.3, we are suggesting P(X|~S) = 1/4, approximately. That is one out of four people who does not make the 20% hurdle concentrates.