Posts filed under “Science”
"The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians.
"It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait."
Very astute observation, and completely applicable to the stock market . . .
Over at Slate, Tim Harford has an interesting discussion on a rather intriguing economic question: Why Are Poor Countries Poor? The answer is less obvious than you might imagine. The usual explanation goes something like this: "One very plausible account of why at least some poor countries are poor is that there is no smooth…Read More