After the podium, the head of investment of a major international insurance company came up to me and said he would check his company’s investments. Three weeks later, he arrived at my office with his assistant. “I checked our investments beginning 1969. I compared 1/N to our actual investment strategies. We would have made more money if we had used this simple rule of thumb.” But then the real issue came up. “I have convinced myself that simple is better. But here’s my problem. How do I explain this to my customers? They might say, I can do that myself!”
