First! How do you get your hands on it? Here’s the link to buy it directly from the printer. It’ll be available on amazon.com within two weeks, likely a few days. I’ll post links to it when that happens, but if you keep searching for it, maybe you’ll see it before me. Keep in mind [...]

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Note: I wrote this post in 2008, but I think it is equally valid in 2010. Back then I was yet to retire. Now having retired, I have solved some of the problems I discuss below such as what to do and who to do it with. In many ways I consider the problem of [...]

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In investing, variance—the fluctuation of price—and risk of ruin—I like to think of this as “unknowns”—are often confused with each other, that is risk is considered to be equivalent to the variance (standard deviation squared). More details here. This is done because it’s the easy thing to do mathematically and write academic papers about it. [...]

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