• You can do simple things like making sure you have a pan large enough for a Turkey and investing in a thermometer to make sure meat is cooked to the right temperature.

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  • Or, to turn the equation around: How large a band do you have to draw around today's price to have a certain likelihood (say, 95%) of including tomorrow's price?

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  • It is very large and very complex, and yet you do get a sense that pharmacogenomics might have a role.

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  • Finally, to make a difference portfolio-wise trading IPOs, you typically have to be a darn good short-term market timer (tough to do) and hold a large enough allocation to make a difference (not typically a wise thing to do).

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