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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Almost Half of Warren Buffett-led Berkshire Hathaway's $365 Billion Portfolio Is Invested in Only 1 Stock::This tech giant has made for a wonderful investment in recent years.

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[-] CoggyMcFee@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

I was responding to purely hypothetical odds that someone just made up, in which case things can be as complicated or simple as one wants them to be.

But even if I were making an actual prediction based on real statistical data, I am not sure why you would think that having an expectation of the approximate distribution of something given what we know about its statistical likelihood is “mistaking statistics for actual reality”.

this post was submitted on 17 Dec 2023
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