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The Power of Uncorrelated Bets
1:20:57 - 1:28:35 (07:38)
Adding uncorrelated bets will reduce the risk of ruin more than diversifying with correlated bets. Adding 15 uncorrelated bets could reduce risk by over 80 percent.
Adding uncorrelated bets will reduce the risk of ruin more than diversifying with correlated bets. Adding 15 uncorrelated bets could reduce risk by over 80 percent.