Money and Randomness
Enough
- People rarely become millionaires from earning a big salary
- Best chance of increasing your net worth is owning a company
- Compounding your money on a tax-deferred basis is preferable to earning high income
- Your own knowledge of an industry is a valuable resource
- Risk and reward should be matched
Randomness
Randomness occurs from
- inaccurate measurement of non-random events.
- sampling from a population
- true statistical fluctuations
Understanding very basic concepts of randomness will help you in every day life
- assessing
Linked from Uncommon Sense