The Importance of Outliers Matter

"I love the outliers matter. And it's such a tough concept," he says. "Here's this curve. I don't even know what percentage of the population know it's a bell curve." He recalls thinking that returns aren't normally distributed along a bell curve, but they are if you're paying attention to the market every day. The risk on a daily and weekly and monthly basis is real. You feel it hurts. It's pretty hard to get away from unless you live in somewhere where you just don't hear it.

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