Other people are really just another version of you. It’s nothing fancier than saying, “Do unto others as you would have them do unto you.”
The efficient market model states all security prices today reflect all available information and only new information is going to change the price.
I don’t think mathematical models can do much to get us out of the mess that we’re in.
Mathematics is a way of formulating an idea, not an idea itself.
It’s interesting to think about why people confuse models with theories. I think probably there are two reasons. One is the incredible effectiveness of mathematical theories in the physical and natural sciences and how well they behave, how well they work. The second reason is that as a ...