Quality Is Missing The Point

Dear fellow investors,I got very excited when I came across an excerpt from Jordan Ellenberg’s book, How Not to Be Wrong. His book was written to teach readers how much logic and common sense is provided by math. He tells the story of Abraham Wald during World War II, who worked for the Statistical Research Group (SRG). The SRG was a group of mathematicians who sought to improve the U.S.’s chances of success by analyzing data on a myriad of subjects. The case that opens Ellenberg’s book is how Wald approached analyzing bullet holes on planes that came back from missions. Below is the data that…

Read More

HEDGE accordingly