The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
L
Law of Large Numbers
The larger they get, the more important the law of large numbers will become, as they are limited by the size of their markets.
Liz Truss Moment
Every day we are getting closer to a ‘Liz Truss moment.’ She announced a highly inflationary ‘pro-growth’ budget. The UK bond market responded with a ‘mini-crash,’ while the stock market experienced a much bigger decline.
