However, Leonard Mlodinow, in "The Drunkard's Walk", notes that Mauboussin's analysis misframes the question and, when framed properly, the probability of occurrence of such a streak is much higher, around 3%. Additionally, Mauboussin's analysis also doesn't consider other possible 15-year windows where similar streaks could have occurred, but did not. When these periods are also included in the analysis, the odds of someone beating the market 15 years in a row at some point in the modern United States investing is around 75%—in other words, it would have been unlikely if there hadn't been such an occurrence.