In this video, you will learn about Gambler’s fallacy, its reason, and how to avoid falling for it. #gamblersfallacy #casino #wallstreetmojo #investing #trading Chapters: 00:00 – Introduction 01:33 – What is the gambler's fallacy? 02:05 – Why does gambler's fallacy happen? 02:36 – What is the coin toss example of gambler's fallacy?. 03:58 – What are the Real-life examples of gambler's fallacy? 05:07 – How to avoid the gambler’s fallacy? 05:21 – Conclusion (Explained in detail in the video) Say that you are in a casino and see that the ball has landed on a red number 10 times in a row. You bet money on the ball to land on a red number, but the ball lands on black. You bet money on red again, but the ball again lands on black. (Explained in detail in the video) This cycle goes on 27 times, after which it finally lands …
Most Popular Posts Today
![Should I work at Public or Private Company? #accounting [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2025/03/mp_27478_0_0jpg.jpg)
Should I work at Public or Private Company? Enroll in the Controller Academy: https://controller-academy.com/courses/controller-academy
![Difference between an auditor specialist and a company or management specialist [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2025/03/mp_27455_0_0jpg.jpg)
Rachel is looking to "close the GAAP" on the difference between an auditor specialist and a company or management specialist. Check out her quick video explanation here! If you are interested in learning more, explore our eLearning course on Using the Work of Specialists: https://www.gaapdynamics.com/product/using-the-work-of-specialists/
Most Popular This Week
![P&L Presentation Type based on your Audience (Natural Account vs. Functional) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2025/03/mp_27449_0_0jpg.jpg)
Before compiling the P&L, you need to decide on the type of presentation (based on your audience): Natural Account, Functional or Hybrid. Free P&L Template shown in video: https://thefincontroller.com/p/types-of-incomestatemet-presentation Enroll in the FP&A Academy: https://controller-academy.com/courses/fpa-academy Time Stamps: 00:00 Intro 01:28 Company Profile 02:17 1. Natural Account P&L 04:26 2. Functional P&L 05:38 3. Hybrid P&L 09:08 How To Setup in NetSuite 10:29 How To Setup in QuickBooks Online ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice
![Entrepreneurship Mistakes from Hell | How to Start a Startup [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2025/03/mp_27442_0_0jpg.jpg)
Embarking on the journey of entrepreneurship is akin to riding a roller coaster blindfolded—it's exhilarating, unpredictable, and fraught with potential pitfalls. While mistakes are an inevitable part of the entrepreneurial journey, some are more catastrophic than others. These "mistakes from hell" can derail even the most promising ventures, leaving entrepreneurs reeling and searching for ways to recover. Let's explore some of these missteps that have the potential to turn an entrepreneurial dream into a nightmare.