There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know. Donald Rumsfeld, Former US Secretary of Defense If…
There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know. Donald Rumsfeld, Former US Secretary of Defense If…
For those who have been following Matt Taibbi’s public excoriation of Goldman Sachs he gives Andrew Ross Sorkin a kick in the nards for his somewhat dribbling defence of Goldmans.
Excellent article by Barry Ritzholtz that was published in the Washington Post regarding the end of the work or the lack thereof. If you are reading this, the previously scheduled end of the world did not occur. Perhaps the date was wrong — next Saturday night? 1994? October? No matter. Despite millennia of Armageddon forecasts,…
Excellent article by Barry Ritzholtz that was published in the Washington Post regarding the end of the work or the lack thereof. If you are reading this, the previously scheduled end of the world did not occur. Perhaps the date was wrong — next Saturday night? 1994? October? No matter. Despite millennia of Armageddon forecasts,…
For those who have been following Matt Taibbi’s public excoriation of Goldman Sachs he gives Andrew Ross Sorkin a kick in the nards for his somewhat dribbling defence of Goldmans.
Market efficiency, anticipation and the formation of bubbles-crashes A dynamical model is introduced for the formation of a bullish or bearish trends driving an asset price in a given market. Initially, each agent decides to buy or sell according to its personal opinion, which results from the combination of its own private information, the public…
The current bubble in social media companies is fascinating to watch and has all the hallmarks of every bubble since the Dutch Tulip boom. I have had a voyeuristic interest in Groupon for some time. I have a mate whose extended family is involved in a similar venture domestically – which has proved to be…
The Yanks seem ever so fond of these weird ways of measuring things. The past masters of this seem to be ever so neatly named chart of the day. I suppose pointless chart of the day is too long to stick in a url. Next week I will bring you the weight of my car…
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