john wayne's List: notes on finance

•  Win: B' = B + v*f*B = (1+v*f)*B 

   If you lose, your new bankroll will equal your old bankroll minus your losses:

• Money is not a physical reality or absolute,  it is a collective social belief tool that works very well.
• Money in large collections reflects trust and faith pooled by a group.
• The art of managing risk is currently messed up as it is considered a physical science when in reality it is significantly a social science.  The tools, language and metaphors used to describe risk management are mostly 2nd rate physics and introductory probability.

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