Snapshots of Yes, You Should Gamble (sometimes)

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that goals-based portfolio theory shows gambling can be rational when the last efficient portfolio cannot meet a goal’s required return, provided added volatility still increases the probability of achieving that goal.