Investing is fundamentally different from rolling dice because we do not know the actual odds of future returns; we can only estimate future returns and consider a wide dispersion of outcomes given major uncertainty about risk premiums and geopolitical/economic regime changes that nobody can forecast.

definitionpending

Speaker

Larry Swedroe

Evidence Quote

investing is even uh is is not about uh odds we don't know the odds it's not like rolling the dice where we know what the odds are of rolling a 71 or a snake Eyes

Source

Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix ThemExcess Returns
Created: 8/11/2026, 7:39:47 AM

My Notes

Loading notes...