原推:@hoon_k @ARKInvest @TashaARK @skorusARK @MahowaldARK I think a normal distribution is the appropriate model for most of these variables. For those that have recursiveness and so fat tails we have tried to keep fixed. (For instance no embedded share buybacks; no varying expectations on terminal multiple).
https://twitter.com/wintonARK/status/1514831158583959557