Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Paul Samuelson wrote an article in 1979 on this. It contains only one-syllable words, except for the last word, which is "syllable". Title: "Why We Should Not Make Mean Log of Wealth Big though Years to Act Are Long."

His 1971 paper, "The 'Fallacy' of Maximizing the Geometric Mean in Long Sequences of Investing or Gambling" is more readable.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: