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Supverse
Filtered on: #InvisibleHandOfTheMarket > showing 1 comment covering 100 days


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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  


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