Premium Only Content
The Magic Coin Game - Main Topic #67
The main topic covers an example Jay calls "The Magic Coin Game."
In this game, you gamble money by placing it on a table. A coin is flipped. If it is heads, you double your money. If it is tails, you lose half of your money. In the game, the house is willing to play with you as many times as you would like. Gambling everything every time does not result in any statistical advantage for you. However, you can play this game 100% by the rules and twist the odds in your favor. There can be mathematical certainty that you gain money if you play in a particular way.
This is what makes the coin game magic!
In the end, Jay describes how this game can be an analogy for asset allocation theory in the investing world. At the very least, it is a proof of concept in a simplified context. The math on this one might hurt your brain a little bit!
Watch the full episode here: https://youtu.be/5iRDAfbkqh8
Main Topics Playlist: https://www.youtube.com/playlist?list=PLo6Zlf1BSGrZM50_NAabg7tOhASym2xxD
Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new episode every Tuesday! Subscribe if you don't ever want to miss an episode! You can submit a question on our website (hopefilledfinancial.com) or message us on Facebook (@HopeFilledFinancial).
Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.
Our Website: HopeFilledFinancial.com
Music: "Take Me Higher" by Jahzzar
Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.
-
6:57
HopeFilled Financial Coaching
19 days agoHow I Furnished My House for $1000 - HopeFilled Story #99
8 -
1:30:30
Game On!
11 hours ago $0.02 earnedTop 5 things you need to know for Sports Christmas!
14.8K1 -
1:58:10
Robert Gouveia
21 hours agoMatt Gaetz REJECTS Report, Sues Committee; Luigi Fan Club Arrives; Biden Commutes; Festivus Waste
241K189 -
1:31:40
Adam Does Movies
20 hours agoThe Best & Worst Christmas Movies! - LIVE!
41.9K5 -
58:10
Kimberly Guilfoyle
22 hours agoAmerica is Back & The Future is Bright: A Year in Review | Ep. 183
153K67 -
3:03:27
vivafrei
1 day agoEp. 242: Barnes is BACK AGAIN! Trump, Fani, J6, RFK, Chip Roy, USS Liberty AND MORE! Viva & Barnes
233K233 -
2:05:48
2 MIKES LIVE
3 hours agoTHE MIKE SCHWARTZ SHOW with DR. MICHAEL J SCHWARTZ 12-24-2024
15.2K1 -
1:14:17
MTNTOUGH Fitness Lab
1 day agoNavy SEAL Dom Raso: The Cold, Hard Truth About Modern Brotherhood | MTNPOD #96
11.9K1 -
43:42
Dad Dojo Podcast
19 hours agoEP14: Every Girl Dad's Biggest Fear and How To Prevent It
7.9K -
55:06
Bek Lover Podcast
13 hours agoWill Trump Pull Off A Miracle? Other Strange News Podcast...
6.67K5