Vol. 5 Presenter: Nick Venditti
Presenting
Your Instincts Are Wrong—A Mathematical Approach to Life
summary
A wheel spins, a ball bounces, slows, settles into a red pocket. Red, fifth time in a row. Clearly black is due. You place your bet. Anticipation swells as the ball bounces, slows, and once again falls into a red pocket. As the dealer removes your money, dreams of a lobster dinner evaporate. The realization that your strategy was thwarted by statistics materializes. What if the simple things you believe to be true are wrong? When mathematics runs contrary to your instincts can you change your strategy and thus your approach to life?
Bio
Nick Venditti is portfolio manager and managing director for Thornburg Investment Management. Nick earned an MS in finance from Syracuse University, an MA in applied economics from the University of North Carolina–Greensboro, and a BA from Trinity University. Prior to joining Thornburg Investment Management, Nick spent three years working as assistant vice president for bond insurer FSA (now merged with Assured Guaranty Corp).