Sunday, September 25, 2011

Volume 3 Issue 39: Intelligent Investing

Adding armor where there is no damage?

Great story. Who would have that the following was possible?
During WWII, statistician Abraham Wald was asked to help the British decide where to add armor to their bombers. After analyzing the records, he recommended adding more armor to the places where there was no damage!
Do read  the whole article.

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