>be me
>in uni
>1st semester accounting major
>take first accounting test online at home feeling comfy
>estimated time to complete 1 hour
Did it in 15 minutes and got a 98%. Why do you even need a degree for accounting? lmao shit is too easy and Uni is a meme.
Go take the exam and become a CPA then faggot
can't. Boomers want "class hours" or whatever the fuck that's supposed to be.
Were you expecting a challenge? Sorry buddy you chose an easy degree.
Switch to stem before it’s too late
You chose to get a degree in one of the few professions that an be automated within the next five years. Just in time for your graduation.
i lost
LOL don't get cocky the estimated time is always bullshit
:^ )
Don't hurt his feelings guys.
Op it's too late to change now but really beware your profession maybe replaced soon by pc
>first test of freshman year is piss easy
no whey.
honestly all the test will be okay if you study some and don't get in your own head
>he fell for the stem meme
>he doesnt realise the virgin stem majors end up working for the chad business majors
Not gonna make it user.
>tfw 2.6 GPA in computer science and taking 5 years to graduate
How fucked am I?
damn bruh how?
guess now is the time to mention my college is getting paid for and once i graduate im guaranteed a promotion kek
Balance sheets, income statements and cash flows are like coding.
Any dumb and dedicated idiot can learn to do it.
If you learn how to manage finances, though, the playing field expands quite a bit. Accounting is just a small step into the rabbit hole.
I independently rediscovered kelly's criterion while trading bitcoin and tryin to figure out how to risk positions. Does that count?
>1st semester
>1st year
Oh user, you are in for a shock
Fuck off, boomer.
Uni is a fucking joke, there's tons of brainlets who are confused about the most simple concepts, or have to take middle school algebra repeatedly before passing.
Then there's OP, who thinks he's brilliant for being the most polished piece of shit in the toilet
Shut the fuck up
Sorry to bust your bubble but discovering/rediscovering something is fundamentally different from consistently applying it over a lifetime to build up your wealth and (even better) to build up your wealth by building the wealth of others.
Knowledge is worthless without application.
For example, Kelly's criterion has several issues in real-world application
- probability is random and it is likely that over a long enough period gains will be followed by losses. You could get lucky and have enough wins to not go bust or you could go bust before wins flow in.
- consistency is difficult, the emotional impact of losing 1$, 1000$ and 10000$ on a bet doesn't scale linearly but rather depends on your mindset toward money.
- it doesn't work with leverage because in the real world there are unpredictable events (nowadays known as black swans) that completely shatter the simple elegance of the Kelly strategy. For examples, check out 9/11, the housing crash/stock market crash of 2008, the moment the Swiss bank unpegged the franc from the euro in January 2015
you aren't wrong.
1- Phenomenon called variance. It's well accounted for usually. K-crit works assuming you're able to at least win over 50% of the time.
2- Weber's Law. I'm aware.
3- Stop losses.