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The real cause of the financial crisis -- An MIT Blackjack Team perspective
- vinutheraj 18y agoHow did this get added again ?!
- Bluem00 18y agoDifferent URL. Here's the original posting: http://news.ycombinator.com/item?id=433456 http://news.ycombinator.com/item?id=433456 It points at semyon.com, which now redirects to blogspot. Definitely worth reading if you missed it the first time!
- fiaz 18y agoapologies for the duplicate!
- mattmaroon 18y agoActually a lot of fund managers invest in their own fund, many heavily. A lot of fund investors look for that.
- aoeu 18y agoAnother interesting article about this on theoildrum.. http://europe.theoildrum.com/node/5260 http://europe.theoildrum.com/node/5260
- jhancock 18y agoWhat do you know about the merits of this article? I had never heard of LEAP/E2020 before. They have some strong opinions on the near future: "According to LEAP/E2020, if this alternative to the currently collapsing system has not been initiated by this summer 2009, proving that there is another solution than the « every man for himself » approach, today’s international system will not survive this summer."
- aoeu 18y ago> What do you know about the merits of this article? Personally, not much actually - I hadn't heard of them either. However, I find the site to be addictive reading and the generally positive comment sections add weight to the articles. I am convinced however that our current monetary system is fundamentally broken.. http://www.theoildrum.com/node/4611 http://www.theoildrum.com/node/4611
- khafra 18y agoThis makes it clearer than any Taleb article I've read that black swans aren't just an external danger to investments; they're invited, even mandated, by the very structure of the market. I hope someone can come up with a better solution, though; I can't see money management being outlawed in anything less than a zombie apocalypse.