These Are the Mathematical Concepts Investors Should Know
https://www.bloomberg.com/news/articles/2016-12-12/odd-lots-these-are-the-mathematical-concepts-investors-should-know [www.bloomberg.com]
2016-12-13 17:12
Interview with Victor Haghani, former quant at LTCM. Short version: know the math, trust the math, but be careful with the leverage.
Referenced paper is also very interesting. How do people bet on a biased coin after being told the coin is biased? Irrationally.
Rational Decision-Making under Uncertainty: Observed Betting Patterns on a Biased Coin