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[The Startup Investor]
Thursday, August 20, 2020
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Dear Startup Investor,
We're fast approaching one of the strangest and most divisive presidential elections in history.
No matter your political affiliations, if you want to be a serious investor, you'll need to learn how to make decisions in a rational way (much like how large corporations are run).
In fact, instead of making decisions based on what you think will happen, you should think probabilistically. In other words, you should take some time to determine what the value of your investments might be given each potential outcome.
The presidential election is a great example. Many people believe Biden is a shoo-in and will win with near 100% certainty. But here's the thing: Many people believe the exact same is true about Trump.
The fact is that they're both wrong. U.S. elections are uncertain events, and are the result of millions of dynamic variables - especially during a year when there is a global pandemic with no certainty of a vaccine on the horizon.
At the end of the day, if you want to be prepared to succeed in 2020 and beyond, you need to have a plan for each potential outcome. [Here's everything you need to know to get ready](.
Very best,
David Weisburd
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