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Variance, Drawdowns, Losing Streaks and Risk of Ruin

Intermediate·3 min read
Variance, Drawdowns, Losing Streaks and Risk of Ruin

Learning objectives

  • Explain the technique and the conditions under which it may fail.
  • Reproduce the worked calculation, where applicable.
  • Apply the concepts to paper-only scenarios and state when taking no action is preferable.

Good predictions still lose

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Variance, Drawdowns, Losing Streaks and Risk of Ruin