Chance News 45: Difference between revisions
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<div align=right>Robert Preidt <br> [http://health.msn.com/health-topics/articlepage.aspx?cp-documentid=100233051>1=31036 MSN Health & Fitness] headline<br></div><br> | <div align=right>Robert Preidt <br> [http://health.msn.com/health-topics/articlepage.aspx?cp-documentid=100233051>1=31036 MSN Health & Fitness] headline<br></div><br> | ||
Submitted by Paul Alper | Submitted by Paul Alper | ||
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==Is an intelligent human investor worth the cost== | |||
[http://www.nytimes.com/2009/02/22/your-money/stocks-and-bonds/22stra.html The Index Funds Win Again] Mark Hulbert, The New York Times, February 21, 2009. | |||
Revision as of 14:58, 24 February 2009
Quotations
Science is not the arbiter of truth. All it can do is offer opinions about the answers to certain questions that we ask of nature. And it reserves the right to revise those opinions in the light of future discoveries.
Even mathematics loses touch with any notion of truth once it steps into the real world. Last May, the director of the Max Planck Institute for Mathematics in Germany, warned that financial systems were operating in dangerous territory because traders were transferring their naive notions of the truth of mathematics on to the "black box" models used to predict and control trading. A few months later, we all found out just how dangerous that territory was.
The Guardian
Saturday, 24 January, 2009
Submitted by Laurie Snell
Forsooths
College Kids and Monkeys About Equal on Math
Submitted by Paul Alper
Is an intelligent human investor worth the cost
The Index Funds Win Again Mark Hulbert, The New York Times, February 21, 2009.