Quotes Entirely Relevant to Investing 02-10-2008

by Mr Juggles

Economics…has not truly come to grips with the main difficulty, which is the inordinate importance of a few extreme events.
-Benoit Mandelbrot (ht: Jeremy Grantham)

Past Quotes Entirely Relevant to Investing

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POSTED: 02/10/08 11:54 AM
Comment (5)


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Comments

  1. vlad putin
    February 10th, 2008 | 1:32 pm

    nassim taleb/black swan theory

  2. fred gruben
    February 10th, 2008 | 3:22 pm

    so long shorting,
    and short economics

  3. Anal_yst
    February 10th, 2008 | 8:59 pm

    Seriously (for a change), one must ask, in response to Mandelbrot, why?

  4. Cletus
    February 11th, 2008 | 2:03 am

    Because for it to be otherwise, economists would have to admit the farce they carry on.

    “An economist is somebody who can tell you today why what he told you would happen yesterday, didn’t.” -some dude

  5. flipspiceland
    February 27th, 2008 | 7:31 am

    You can’t go forward till you get it out of reverse.

    “What the world really needs to make any progress is a collective case of amnesia”.

    (directed specifically to Slavery-Holocaust-Crusades-pimps).