Chances Are . . .
Book description
A compelling journey through history, mathematics, and philosophy, charting humanity’s struggle against randomness
Our lives are played out in the arena of chance. However little we recognize it in our day-to-day existence, we are always riding the odds, seeking out certainty but settling—reluctantly—for likelihood, building our beliefs on the shadowy…
Why read it?
1 author picked Chances Are . . . as one of their favorite books. Why do they recommend it?
When people think of financial planning, their first thought is investing. Their second thought is retirement.
Kaplans explain risk succinctly: “Everything is possible, yet only one thing happens.” People understand risk but don’t really understand how to apply it rationally to investing (market risks) or to retirement (longevity risk).
But first, having an understanding of what risk is and isn’t, and where it comes from is important before you can apply it to what fuels your plans – markets and longevity.
This book helped me formulate the basic planning concepts I use in my book since personal finance is all…
From Larry's list on issues that confuse many people about money.
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