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EddTheSDET
on Sept 20, 2023
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Charlie Munger: Turning $2M Into $2T
I believe OP is talking about the human emotion of flipping that coin the 19th time (or indeed the 18th, or 17th...). While the math might be as simple as doubling x times it's very different to actually do it!
sdfghswe
on Sept 20, 2023
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Are you forced to bet everything on every flip?
sokoloff
on Sept 20, 2023
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If your goal is to double your money on each successful flip (as implied in [0]), then yes.
[0]
https://news.ycombinator.com/item?id=37586995
AdamN
on Sept 20, 2023
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I think that's the implication:
https://en.wikipedia.org/wiki/St._Petersburg_paradox
https://en.wikipedia.org/wiki/Martingale_(betting_system)
brigadier132
on Sept 20, 2023
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That's where skill comes in and invalidates the point that it's all luck.
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