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 |