This is especially important to remember when you're dealing in small biotech and oil & gas exploration stocks, for example, where outcomes are so binary... That's the problem with binary or individual outcomes — some nutter always pops up to tell you about his 100 year old smoking / drinking / whoring grandfather, or that
junior oil share he bought that promptly tripled — but so f**king what?!
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Share Valuation Project, US
Oil & Gas