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A probability expresses quantitatively how likely an event is to occur. We often encounter probabilities as conditional probabilities which express how likely an event is to occur in light of certain (given) information.

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Probability of success given expected return and volatility [closed]

I am reading Taleb "Fooled By Randomness", and the author says that a 15% return with 10% volatility translates to 93% success in a year and 50.02% success in any given second. Could someone help me u …
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