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3 comments on wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all
| Recipe for Disaster: The Formula That Killed Wall Street So he used the philosophy of the #InvisibleHandOfTheMarket as justification for being able to throw out historical data then only looking to correlation data, but as Nassim Talb says "Anything that relies on correlation is charlatanism." Seems like they're trying to make this guy a #ScapeGoat when everyone surely must have known they were building a bubble using the excuse of the fancy new #JPMorgan_Chase formula which they could all just plug into their software used to fuel their pyramid scheme. &neo 2013-12-18 00:02:54 |
| Recipe for Disaster: The Formula That Killed Wall Street #WiredMagazine brilliantly explains this inexact science. &Rob 2013-12-16 23:44:12 |
| Fascinating article that sheds some insight in the decision making process regarding high risk financial transactions. #David_X_Li #Bank_of_America #Investing &Rob 2013-08-18 11:38:29 |