I help people understand the fundamentals of finance and investing.
Joined April 2020
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Get a cup of coffee.
In this thread, I'll walk you through "Gambler's Ruin".
This is a classic exercise in probability theory.
But going beyond the math, this exercise can teach us a lot about life, business, and investing.
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Here's a lovely article by James Allworth (@jamesallworth) explaining how this kind of dynamic played out between Arm and Intel:
jamesallworth.medium.com/int…
