STAT July 29, 2024
To invest is to embrace an unpredictable future, filled with risks and uncertainties. To navigate this uncertainty, which sits atop a complex and ever-changing market landscape, prudent investors seek ways to make informed decisions that can drive returns and mitigate against potential losses.
The principles of excellence in scientific research, it turns out, align remarkably well with best practices for rigorous investment decisions, whether the investment is in a science-based enterprise or something else.
We have identified four principles of scientific excellence and show how they can be applied to investment decisions.
Don’t trust your first answer
In scientific research, obtaining consistent results from multiple independent experiments using different methodologies is essential to establish the validity and reliability of findings....
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