The difference between knowing something and acting on it
Well, this is going to another of those posts which uses concepts from the world of finance and the world of probability to make generalized observations on life. Dear reader of the blog, you have already been forewarned :) So this is an insight which came to me while I was trying something at work. It isn't any ground breaking insight ( some of these concepts are known in the world of finance and markets anyway) but, here, I am just trying to see if I can take away something more generalized for life as I see it. The world of investing, trading and finance, is by its nature informationally fuzzy, in the sense , that anything you know 100% for sure , is in all probability already priced in. The challenge, the joy, and the rewards lie in figuring out something which you don't know for sure, but yet can figure out with some probabilistic level of certainty. And to some extent, this is true of life as well --- this part of figurin...