The idea that thing average out depend on the assumption of success being due to a lot of independent events.
Computer simulations of markets with trades of equal skill have no problem to produce the kind of difference in financial results that the traders we observe in reality produce.
The fact that some authors write books that are more popular than the book of other authors is explainable without difference in skill or book quality.
The idea that thing average out depend on the assumption of success being due to a lot of independent events.
Computer simulations of markets with trades of equal skill have no problem to produce the kind of difference in financial results that the traders we observe in reality produce.
The fact that some authors write books that are more popular than the book of other authors is explainable without difference in skill or book quality.