Singo, Gai and a Little Bit of Baye

Adjusting probabilities as the world unfolds in front of you us is an important skill in life as much as investing. Fortunately, there’s a little bit of probability theory to help us on our way. There were all sorts of accusations being hurled at yesterday’s inquiry into the performance of the race horse More Joyous at Randwick on 27 April, a spectacular flop as favourite in the Group 1 All Aged Stakes. Owner John Singleton reckons he was told prior to the race – by someone who knew something – that there was something wrong with the horse. Worse...

Adjusting probabilities as the world unfolds in front of you us is an important skill in life as much as investing. Fortunately, there’s a little bit of probability theory to help us on our way.

There were all sorts of accusations being hurled at yesterday’s inquiry into the performance of the race horse More Joyous at Randwick on 27 April, a spectacular flop as favourite in the Group 1 All Aged Stakes.

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