22 Feb
2015
22 Feb
'15
1 p.m.
As you well know, this is an extremely slippery slope, down which many gambling addicts have fallen. Testing the difference between skill (or hardiness) and luck is extremely difficult. In fact, the vast majority of "wealth managers" live in the shadows between skill & luck. (Hence Woody Allen's wonderful line from "Midsummer Night's Sex Comedy" -- "I'm a money manager; I manage your money until it's gone.") At 12:15 PM 2/16/2015, Dan Asimov wrote:
It makes a lot of sense that the people who have survived to 90 or 95 would be the hardiest, and less likely to be subject to the statistical laws that claimed their cohorts.