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Corrections

Thank you to our readers who have pointed out various corrections to our book. Corrections pointed out so far are in the table below.

Date Page No. Description Reader
Aug. 3, 2023 343, 363 Fellows should be Fellowes Benjamin Felix
Sep. 3, 2023 70 “Rails” should be “Tails” Andrew Starck
Sep. 15, 2023 32, 33, 37 “Bet sizing” should be “bet-sizing” Andrew Starck
Sep. 15, 2023 71 First paragraph should end with a period, not a colon Doug Lucas
Sep. 18, 2023 22 “IfVictor and Rich” should be “If Victor and Rich” Barett MacLeod
Sep. 21, 2023 328 Reference should point to Chapter 4, not Chapter 3 Doug Lucas
Sep. 21, 2023 328 Footnote 1 should read: “Full rules from Yung Lim with thanks: [LINK] Doug Lucas
Sep. 25, 2023 95 “$10 dollars” should be written as “$10” Justin Edwards
Sep. 25, 2023 359 “Antti Ilmanen, A.” should be “Ilmanen, A.” and properly alphabetized Justin Edwards
Sep. 25, 2023 325 “…the small stuff— you can…” should be “…the small stuff—you can…” Jialin Yang
Sep. 25, 2023 120 “Skin the game” should be “skin in the game” David Coody
Sep. 28, 2023 36 “…bet the fractionk̂” should have a space between “fraction” and “k̂” Charlie Matlack
Sep. 28, 2023 199 Endnote 1 is missing from the Endnotes section Richard Hughes
Sep. 28, 2023 71, 76 Errors found in Tables 3.2 and 3.4 Carl Soderberg
Oct. 1, 2023 54 The title of Exhibit 5.3 should read “1998-2022” Jeremy Levine
Oct. 2, 2023 362 “Marsh, T.” should be credited as “Marsh, P.” Mike Staunton
Oct. 2, 2023 311 “…but SPXL would have lost 100% in mid-February…” should be “SPXS” Peter Cole
Oct. 8, 2023 492 Conard (2012), Arends (2020) and Bengen (2020) are missing from the bibliography Daniel Gildea
Oct. 9, 2023 60, 62 “Exhibit 5.4” should be “Exhibit 5.5” Roberto Cocco
Oct. 23, 2023 XIX “…but we trust that you, like us, want…” should be “…but we trust that you are like we are in wanting…” Robert Lerner
Oct. 26, 2023 34 “…presented Table 3.4” should be “…presented in Table 3.4” Anonymous
Oct. 30, 2023 63 “called a ‘skew'” should be “called ‘skew'” Anonymous
Oct. 30, 2023 71 “When you have” should be “when you have” Anonymous
Oct. 30, 2023 75, 346 “Von Neumann” should be “von Neumann” Anonymous
Oct. 30, 2023 79, 89, 90, 156, 196, 228, 281 “Base Case” should be “Base-Case” Anonymous
Oct. 30, 2023 83 “…precisely about this:” should end with a period Anonymous
Oct. 30, 2023 95 Remove “instead” from “and instead just use the term” Anonymous
Oct. 30, 2023 95 Dagger notation should come after the colon in Paragraph 1 Anonymous
Oct. 30, 2023 99 “…increasing wealth by 50%” should end with “given the opportunity to bet 25 times on a 60/40 biased coin.” Anonymous
Oct. 30, 2023 179 Remove the comma from “sound, long-term financial decisions” Anonymous
Oct. 30, 2023 191 “feedback” should be “feed back” Anonymous
Oct. 30, 2023 222, 381 “Return-chasing” should be “return chasing” Anonymous
Oct. 30, 2023 252 “Out-of-money” should be “out-of-the-money” Anonymous
Oct. 30, 2023 255 “Gaps” should be “gap” Anonymous
Oct. 30, 2023 256 Replace the hypen in “to fair value-can improve” with a comma Anonymous
Oct. 30, 2023 260 “investors'” should be “an investor’s” Anonymous
Oct. 30, 2023 262 Dagger notation should come after the comma in Paragraph 2 Anonymous
Oct. 30, 2023 303 “Fisher Black” should be “Fischer Black” Anonymous
Oct. 30, 2023 374 “Certainty-equivalent Wealth” should be “Certainty-equivalent Return” Anonymous
Oct. 31, 2023 324 “Picketty” should be “Piketty” Jaap Wesdorp
Oct. 31, 2023 81 Formula should read as “10% = 0.2 / 2 (1)2″ Andrew Levine
Nov. 1, 2023 105 Remove the period from Point 3 Anonymous
Nov. 1, 2023 139 Paragraph 1 should end with a period Anonymous
Nov. 1, 2023 158 “some sets of preference” should be “some sets of preferences” Anonymous
Nov. 1, 2023 183 Paragraph 3 should end with a period Anonymous
Nov. 1, 2023 205 “Chapter 4” should be “Chapter 5” Anonymous
Nov. 1, 2023 232 “higher Sharpe ratio” should be “highest Sharpe ratio” Anonymous
Nov. 1, 2023 366 “Kahneman, D. 2010” should be “Kahneman, D. 2011” Anonymous
Nov. 8, 2023 35 “Goldilocks Bet-Sizing” should be “Goldilocks bet-sizing” Anonymous
Nov. 8, 2023 43 “correlations” should be “covariances” Anonymous
Nov. 8, 2023 56 “Model” should be “model” Anonymous
Nov. 8, 2023 254 “unlike home insurance” should be “unlike with home insurance” Anonymous
Nov. 8, 2023 304 “…return and risk of the asset ‘goes up'” should be ‘go up’ Anonymous
Nov. 8, 2023 336 “saving, spending” should be “saving, and spending” Anonymous
Nov. 8, 2023 170 Missing space in “…low fee.Annuitants…” Zachery Pezze
Nov. 15, 2023 351 In Footnote 5, “Dalbarm 2021” should be “Dalbar, 2021” Gary Sabot
Nov. 19, 2023 xviii “three times leveraged” should be “two times leveraged” Barry Nalebuff
Nov. 19, 2023 197 2nd paragraph: “300%” to “two to one” Barry Nalebuff
Nov. 19, 2023 197 3rd paragraph: “300%” to “200%” Barry Nalebuff
Dec. 4, 2023 344 The Man Who Invented Money by G. Zuckermann” should be “The Man Who Solved the Market by G. Zuckerman” Jiri Philippi
Jan. 16, 2024 29 The value in Table 3.1 should be: 4 Heads, 1 Tails, $341,545 Brad Rubin
Mar. 11, 2024 60, 61, 62 “Haghani and Dewey 2016” should be “Haghani and Dewey 2017” Richard Hawkins
Apr. 1, 2024 350 Footnote 2: Conard (2012) should be Conard, Unintended Consequences (2012) Martin Eftimoski
Apr. 6, 2024 37 First formula is better expressed without dimensions, but we use $s to help reader see where numbers come from Bob Zacher
Apr. 22, 2024 360 Bessembinder (2017) article appears twice Benjamin Croitoru
May 2, 2024 35 In Footnote 1, “The Merton share” should be “Merton share derivations” Anonymous
Jun. 15, 2024 74 In the Axioms sidebar, “replace outcome(s) and option(s)” with “gamble(s)” Jeffrey Rosenbluth
Jun. 15, 2024 74 In the Axioms sidebar, Axiom 4 should be: “Independence: If A is preferred to B, then A mixed with an unrelated, “irrelevant” Gamble C is preferred to B mixed with C.” Jeffrey Rosenbluth
Jun. 27, 2024 33 In Table 3.4, “$732,252” should be “$735,252” Mark Ryan
Sep. 11, 2024 221 Footnote 13 should be “Dickson et al. (2012),” not “Clarke et al. (2012).” Robin Hollenstein
Sep. 11, 2024 252 “…the 3 years from June 30, 1932″ should be “years to June.” Robin Hollenstein
Sep. 11, 2024 352 Footnote 23 should be “Ilmanen et al. (2020).” Robin Hollenstein