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A comment on Nassim Taleb, Absorbent Barriers and House Money. Parent comment

Re:Nassim Taleb, Absorbent Barriers and House Money by bllguo on Wednesday March 07, 2018 @12:34PM (#16538044)
What kind of math is that? In your contrived example it should be 1 - .99^70. It's hard not to question your background in probability when you're involving 1.01 and 2..
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Re:Nassim Taleb, Absorbent Barriers and House Money by cardmagic on Friday March 09, 2018 @09:33AM (#16551956)
Nice ad hominem attempt, but even though I accidentally switched a minus for a plus, the point the math teaches is the same: risk of ruin accumulates with the number of bets.

For more information check "Risk of Ruin" https://en.wikipedia.org/wiki/Risk_of_ruin

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