The Limited Pie (whose banner with Chairman Greenspan in drag just creeps the heck out of me) introduces the notion of expected value to its readers.
I will, however take the certain payoff of $9K. Risk is something you can pay to reduce, and I’m happy to pay $500 in LP’s example.
The Pie is ecumenical, but really, technical analysis? Next thing you tell me is you think “intelligent design” has merit…
