Think Like a Bettor
Investment fund manager rankings, like any study, are subject to the laws of statistics and probabilities. In her bestseller, Thinking in Bets, former poker champion Annie Duke explains a lot about statistics and probabilities. She uses examples from poker and beyond to explain the probabilistic nature of daily life and provides a guide to better decision making. While her lessons go beyond any single application, some are extremely germane to the manager selection process and worth a discussion in that context.
