"30 people in a
room, everyone gets the same exact trades in the same exact sequence. How many different
outcomes will result?
Years ago I did a lot
of work with Van Tharp, one of the original Market Wizards from Jack Schwagers
books. Van had game where he had 100 marbles in a bag, each representing a
trade. Each marble (trade) was denoted with a return that was a multiple of the
risk (know as “R”) taken on that trade, +1R, -2R, + 5R, etc. 60% of the marbles
(trades) were winners. The unknown was the amount of the gain or loss from each
trade. Participants were each allocated $100,000 and instructed to bet a
percentage of their equity on each marble pull. The range of results was
astounding. Some made huge multiples of their equity some made a solid return,
some had small losses and some blew out. In all there were 30 different
results."
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