Wealth & investing
The Streak Illusion
The 'hot hand' is a powerful illusion — in basketball and in markets. Why recent streaks (like currency moves) don't tell you much about what comes next.
The 'hot hand' is a powerful illusion — in basketball and in markets. Why recent streaks (like currency moves) don't tell you much about what comes next.
Uncertainty feels like the enemy of investing — but it's actually the source of returns. A reframe on why risk and reward are inseparable.