It is a question on the minds of so many people who are planning for retirement: Will I run out of money? We can take into account all of the income a person expects in retirement as well as their ...

Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel offers ...

It's simple, but it may be the most important formula in investing. In my previous article dealing with the Kelly formula, I attempted to convince you that the Kelly formula was the most important ...