Here’s How Successful Investors Put The Odds Squarely In Their Favor
Content belongs to Acquirer’s Multiple. Reproduced: Pari-mutuel betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the “house-take” are removed, and payoff odds are calculated by sharing the pool among all winning bets. Munger says the same system can be used successfully in the stock market where the most…
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