https://smbadiwe.github.io/tags/probability/ Recent content in Probability on Soma Mbadiwe Hugo -- 0.151.0 en-us Mon, 12 Oct 2026 15:22:00 +0000 https://smbadiwe.github.io/post/on-doubling-your-money/ Mon, 12 Oct 2026 15:22:00 +0000 https://smbadiwe.github.io/post/on-doubling-your-money/ <h2 id="the-tldr">The TL;DR</h2> <p>The core commandments of personal finance are almost embarrassingly simple:</p> <ol> <li><strong>Increase your earning power</strong> (expand the top of the funnel).</li> <li><strong>Spend less than you earn</strong> (live below your means).</li> <li><strong>Invest the difference as soon as you have it</strong> (deploy money the moment you have it to invest; never hoard cash on the sidelines trying to time the market).</li> <li><strong>Diversify ruthlessly</strong> (the only free lunch in finance; tame volatility drag).</li> <li><strong>Stay liquid</strong> (maintain an emergency buffer so market dips never force you to sell).</li> <li><strong>Seek asymmetric bets</strong> (cap your downside, but leave room for explosive positive jumps).</li> <li><strong>Wait</strong> (give compound interest the runway to work its exponential magic).</li> </ol> <p>That’s the core canon—seven principles that cover nearly everything you need to know. Everything else is mostly commentary.</p>