May 15, 2021
9:16:01am
9:16:01am
Flawed logic
Since no one ever has a 100% win rate you can go broke if the trading/betting system employed is such that one loss can wipe out a massive number of gains.
That is the definition of a fragile system (see Nassim Taleb).
The better (or anti-fragile) system is one where one gain can wipe out a massive # of losses.
That is the definition of a fragile system (see Nassim Taleb).
The better (or anti-fragile) system is one where one gain can wipe out a massive # of losses.
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- niqmadu
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