Sample size
Risk & psychologyThe number of independent decisions needed before results distinguish skill from luck.
In plain terms
For realistic edges it runs into hundreds or thousands. Most investors never accumulate it.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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The number of independent decisions needed before results distinguish skill from luck.
For realistic edges it runs into hundreds or thousands. Most investors never accumulate it.