As an investment adviser, I frequently come across investors with an uncanny knack of running halfway to meet 'bad luck'! And when the so-called bad luck takes its toll, these people unsurprisingly ...

CEOs and CFOs of our portfolio companies often ask us, “How aggressive should we be when we set our budget? We want to grow as fast as possible and invest in our exciting new programs. But if we aim ...

Life is uncertain. None of us know what is going to happen. We know little of what has happened in the past or is happening now outside our immediate experience. Uncertainty has been called the ...

Building a good sales forecast involves techniques that fall somewhere between science and art. While it is possible to construct a rigorous objective forecasting model, the human element in sales ...

A charitable remainder annuity trust (CRAT) must meet two tests: Test 1: Actuarial Value. The charitable remainder must be at least 10 percent, computed using the tables prescribed for split-interest ...

Statisticians who study coincidences are fond of saying that ordinary people don’t know how to estimate the probabilities of coincidences. To illustrate our poor statistical thinking, statisticians ...

Sometimes it’s hard to have confidence in science. So many results from published scientific studies turn out to be wrong. Part of the problem is that science has trouble quantifying just how ...