How To Master the Art of Risk Management [feat. Gambler's Ruin and Kelly Betting]

How To Master the Art of Risk Management [feat. Gambler’s Ruin and Kelly Betting]

Would you believe it if you were told you’re more likely to survive a cataclysmic storm than your beloved puppy’s occasional unfriendly bites? As shown by the National Safety Council, the lifetime odds of dying from being bitten by a dog is 1 to 112,400 while the odds of dying from a storm is 1 to 66,335.