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Thx for the pointer. I have to look into them. The issue I have is that history prior to 2000 is not valid going forward. You can say that I'm a disciple of Nas
by throwaway1979 14y ago
Thx for the pointer. I have to look into them. The issue I have is that history prior to 2000 is not valid going forward. You can say that I'm a disciple of Nasib Taleb's Fooled by Randomness.
- marvin 14y agoWhy isn't any history prior to 2000 still valid? We've had 10+ year secular bear markets before. I'm not arguing by authority here, but by Taleb's own arguments, it's just as likely that the pre-2000 history is still valid - there is just no way of knowing yet.
- throwaway1979 14y agoMy personal thesis is that financial market history prior to 2K isn't valid. The world prior to widespread adoption of the the Internet was a different place. The Y2K cut off is a useful demarkation point ... that's when the tech euphoria went away :) I think this has something to do with the speed of information flow in a post-PC, connected world. That's the short of it anyways.