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>while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statem
by greenhatman 7y ago
>while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system
All models are wrong, but some are useful.
- soVeryTired 7y ago> All models are wrong, but some are useful. A slogan usually trotted out in defence of bad modelling. Some models are useful. Some are dangerous. Do you have the means to tell the difference?