Want to create an interactive transcript for this episode?
Podcast: Wealth Formula Podcast
Episode: 418: Using Math to Your Advantage
Description: In the long run, math is pretty much always right. That's why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball about how the Oakland A's made an improbable run in major league baseball in 2002 by leaning less on star players and heavily on analytics generated by a nerdy Yale economics major. The genius of applying mathematical principles isn't confined to the boardroom or the baseball field; it seeps into our everyday lives in ways we might not initially recognize. Beyond...