Letters to the Editor
To the Editors:
I enjoyed your article 15 Short-Cuts and Biases That Lead to Bad Investment Decisions, by Paul S. Szczygiel in the May 2006 AAII Journal. I am an accountant, not a mathematician, but I believe I understood most of it. One point that I did not understand was the authors statement that of the five stocks there is a 73% chance of having one of the five double.
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