The Business Lessons of the Belmont Stakes
Harvard Business Review
JUNE 8, 2012
Well, we can quantify that with something called a Beyer Speed Figure , a measure of a horse's performance adjusted for track conditions. In the stock market, for instance, you need bulls and bears, long- and short-term investors, technicians and those who rely on fundamentals. A success rate of less that 15% is not encouraging.
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