The Saturday Spread: Reducing uncertainty in an uncertain world (AMZN, CHWY, EXPE)
In essence, information is only truly transmitted when the person receiving the intelligence enjoys a change in subsequent thinking relative to prior beliefs. Within this transmission, there are two main categories: degenerates and non-degenerates. Understandably, these terms have a loaded meaning in the financial ecosystem. However, from a mathematical and theoretical decision-making point of view,…