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finance and the universe

 

The idea of parallel worlds seems like the stuff of science fiction. Yet, most leading cosmological theories suggest that the universe is vast enough to contain multiple copies of everything, including multiple copies of you. The existence of the “multiverse” may account for why the parameters of physics seem highly fine-tuned to support life and why the earth has escaped so many existential threats – major asteroid strikes, World War III, a more deadly strain of Covid, etc. The resulting survival bias helps explain why stocks have historically performed so well.