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Understanding the Radiation of Probabilities
In investing , managing risk is paramount. One concept that is particularly important for investors to grasp is the "radiation of probabilities ". This principle underscores the reality that even small probability events can have significant consequences, and thus must be accounted for in investment decisions. At its core, the radiation of probabilities posits that low probability outcomes should not be dismissed or ignored simply because they are unlikely to occur. Inste
Mar 11, 20242 min read


Tokenization in Large Language Models (LLMs): A Key Consideration for Investors
As large language models continue to reshape industries and capture the imagination of investors, it is crucial to understand the intricate mechanics that underpin their remarkable capabilities. One such pivotal concept is tokenization, a process that lies at the heart of how LLMs process and generate human-readable text. This article delves into the realm of tokenization, shedding light on its significance and the implications it holds for investors eyeing the LLM market.
Mar 10, 20243 min read


The Streak Illusion: A Dangerous Trap for Investors
In the world of investing, where probabilities and randomness play a crucial role, one cognitive bias can lead even the most experienced...
Mar 9, 20243 min read


The Texas Sharpshooter Fallacy: A Cautionary Tale for Investors
As investors, we are constantly bombarded with data, patterns, and narratives that promise to unlock the secrets of successful investing....
Mar 8, 20242 min read


Understanding Internal Control Over Financial Reporting (ICFR) for Investors
As an investor, it's crucial to understand the concept of internal control over financial reporting (ICFR) when evaluating potential...
Mar 8, 20244 min read


Understanding Emerging Growth Companies and Securities Regulations
As an investor, navigating the landscape of emerging growth companies can be both exciting and challenging. These dynamic enterprises...
Mar 6, 20245 min read


Understanding the Volatility Smile: A Crucial Concept for Investors
The volatility smile is a phenomenon that investors and traders cannot afford to ignore. It represents the observed pattern of implied volatilities across different strike prices for options on the same underlying asset. The volatility smile challenges the assumption of constant volatility across all strike prices , which is a core tenet of the Black-Scholes option pricing model. Understanding the volatility smile is crucial for investors as it provides valuable insi
Mar 5, 20244 min read


Understanding Super-Voting Stock and Its Implications for Investors
Super-voting stock, also known as dual-class or multiple-class share structures, is a type of equity structure where certain shares carry...
Mar 4, 20243 min read
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