Statistics and Investing — Insights from a Math Phobic
How Does Math Really Impact Our Investing Outcomes?
How a math phobic succeeded in the world of investing. Although many individuals believe that expertise in math is a prerequisite for investing in the stock market, it may simply be one aspect of the decision-making process.
Some Historical Insights
From my youth, mathematics has been a frustrating subject. Although I mastered the basics, higher levels of math were always a challenge for me.
In high school, my parents asked a friend, who was a Massachusetts Institute of Technology (MIT) graduate in math, to help me overcome this deficit. He was amazed how my mind processed mathematical calculations.
In college, I faced another obstacle in this realm, statistics. It took two attempts, but I finally received a passing grade, and it was not with high honors.
Rationale For This Introduction
There are many reasons WHY individuals are afraid of managing their money and/or investments. In my opinion, an aversion to math is often one of the main reasons underlying this problem.
With financial illiteracy at epidemic levels, it is essential to understand the flaws in this pattern of behavior. It is even more important to address this…