Agree, partially...
Yes, not a bad point, and the investment mantra definitely follows that line of thinking bcs there can be wild card events, and a propensity for ppl to reduce caution, but... probability does however statistically favour my view, were not assessing the merit of the concept from induction are we ?
The football team that one last year, probably has a better than not chance statistically of winning right ? If you boil water yesterday, it doesnt mean you will be able to today.. the electricity may be off, but...ceteris paribus the laws of physics are unlikely to change overnight.
We are in a refinement process here if Im not mistaken?
Cheap Contract Research Organization and Cheap CEO appear to be cheating, page-28
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