From the category archives:

Normal Distribution

Will 2008 be a fat tail year?

December 12, 2008

Clay Shirky, author, professor and media & technology enthusiast, recently posted a graphic on Boingboing visualizing where 2008 YTD S&P returns fall in historical context.  His conclusion: the distribution of S&P returns is “a rough bell curve, with 45 of those 185 years [between 1825 to 2008] falling in the +0-10% column.  There are only [...]

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Investing in an Uncertain World

November 21, 2008

Back in grad school, I took an Investments class with professor Sanjay Unni, a director at LECG (and whom is now an informal advisor to the company).  I remember in his very first class, he put up a couple slides that really helped visualize the insight we can gain from a stock’s historical daily stock [...]

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