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You really think companies investing billions in things like Facebook are just throwing money at whatever they fancy and hoping it all works out? Investment ban
by bluedanieru 14y ago
You really think companies investing billions in things like Facebook are just throwing money at whatever they fancy and hoping it all works out? Investment banks employ thousands of people who do nothing but sit in their office and calculate if a certain security's price is off by fractions of a percent. Virtually everything that bank does is based on that analysis. They are very well-paid and a good market researcher is worth 100x his weight in gold-pressed latinum. They do fuck up, often publicly as it turns out, but that does not make their science any less refined.
- borism 14y agobut that does not make their science any less refined science? I wouldn't call it that...
- gaius 14y agoBetter hire some... Data Scientists!
- msellout 14y agoA Random Walk Down Wall Street. Check it out.
- rayiner 14y agoJust because it involves math does not make it a science. That's absurd.
- impldefined 14y agoNonsense. It has nothing what so ever to do with science. All the analysis depends on rules that all the other players also know. If someone went in and changed some fundamental entry in their rule book (e.g. "testing from the bottom") the rules that the stocks themselves seem to follow would change overnight.