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  4. Nassim Nicholas Taleb
  5. I always remind myself that what one observes is at best a...

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

Nassim Nicholas Taleb
Return, Combination, Variance
Nassim Nicholas Taleb (2008). “Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets”, p.67, Random House
I always remind myself that what one observes is at best a combination of variance and returns, not just returns.