Investing
The Gambler’s Fallacy and Pokémon!
Luck has no memory. The Gambler’s Fallacy tricks us into thinking past events influence future randomness, like believing a coin flip after five heads is “due” for tails.
Investing
Luck has no memory. The Gambler’s Fallacy tricks us into thinking past events influence future randomness, like believing a coin flip after five heads is “due” for tails.
Personal Finance
A powerful concept to understand the importance of investing, cash today, and how inflation quietly erodes our potential wealth.