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Selling Hope & Monkey Coin Flipping
Posted on June 21, 2012 at 17:48 PM EDT
Jason Hsu at Research Affiliated showed the famous monkey coin flipping example (Warren Buffett had a similar example in his super investor article): 10 rounds of coin flipping among 100 monkeys. It is guaranteed that there will be ONE winner who guesses 10 coin flipping results right. The winning monkey can be called super monkey or in investing, super investor!
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