How much studying did you get done today?
What did you do today then?
I rebuilt the Roman Empire, that’s what. On the map above I played Italy indicated by the green color. Rome hasn’t seen this kind of glory for over 1600+ years.
Perhaps I have not studied the CFA level 3 curriculum as much as I should have today, but I did manage to reestablish (most of) the Roman Empire. This sounds like a Herculean task, but I had a secret weapon. Bayes’ Theorem.
It turns out that the board game Diplomacy is a great place to practice using Bayes Theorem. I managed to swing a 3-way draw with German and Austria. If you did not know, Italy is the most likely to lose at the start of any Diplomacy game. Through Bayes’ Theorem, I was better able to anticipate what my adversaries were doing. I had fun using Bayes’ Theorem in a practical instead of a theoretical sense. Hopefully this translates into a better overall understanding and gives me a fighting chance if Bayes’ Theorem shows up on the CFA level 3 exam this June.
Speaking of the CFA exam, time to get back to the books and chew through alternative investments.