yes, it was on More or Less that I heard here. (these days., most of my book recommendations come from R4 -rock 'n roll ).ShaunWhite wrote: ↑Fri Sep 04, 2020 4:29 amDid you hear about her on More or Less? I was just catching up with it and heard a feature about her (aug 19th episode). Then I came here to post a quote from something else and saw your recommendation, bit of a coincidence.
That feature also had a great quote from Edward Gibbon 1750ish. One of the first people to apply probability to staking in card & dice games while others were still using the stars for guidance...
He said "the laws of probability, so true in general, so fallacous in particular". That should be lesson 1, day 1 of trading 101.
He was actually talking about what day he might die in the next 15yrs rather than horses at the time, but it holds true everywhere. Dying for him was probably a daily gamble if he was using maths to play cards while the others were using luck and the heavens
there's some great stuff in the book and what I like in particular is that it's written as a story with a lot of the psychology stuff intermixed as part of the narrative. think you'll enjoy it. still only on the 1st third as pesky tasks have gotten in the way (yet again!).