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Cheng


Total Posts: 2803
Joined: Feb 2005
 
Posted: 2013-01-29 18:48
From the Economist:

"Many things that are considered normal in finance look like fraud to almost everyone else"

The full article can be found here.

"Sun's going down / Moon's rising high / We'll pay you Bodom beach terror"

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2013-03-21 13:28
"Or consider the advance of the science on its practical side. A hundred years ago it used to be supposed that fever could be cured by the letting of blood; now we know positively that it cannot."
Literary Lapses by Stephen Leacock
Truer words about science (in general) were never spoken.

вакансия "Программист Психологической службы" -але! у нас ошибко! не работает бля-бля-бля -вы хотите об этом поговорить?

jslade


Total Posts: 1060
Joined: Feb 2007
 
Posted: 2013-03-21 22:35
Baltasar Gracian, channeling Ed Seykota:

"xxxviii Leave your Luck while Winning.

All the best players do it. A fine retreat is as good as a gallant attack. Bring your exploits under cover when there are enough, or even when there are many of them. Luck long lasting was ever suspicious; interrupted seems safer, and is even sweeter to the taste for a little infusion of bitter-sweet. The higher the heap of luck, the greater the risk of a slip, and down comes all. Fortune pays you sometimes for the intensity of her favours by the shortness of their duration. She soon tires of carrying any one long on her shoulders."

"Learning, n. The kind of ignorance distinguishing the studious."

athletico


Total Posts: 951
Joined: Jun 2004
 
Posted: 2013-03-25 03:26
"We determine interest rates in America the way the Soviet Union used to determine the price of bread. It does not work." - Peter Schiff

Cheng


Total Posts: 2803
Joined: Feb 2005
 
Posted: 2013-08-14 12:56
"When you combine ignorance and leverage, you get some pretty interesting results." - Warren Buffet

"All my scientists are working on a deadline / So my psychologist is working day and night time / They say they know what's best for me / But they don't know what they're doing"

braincell


Total Posts: 59
Joined: Nov 2011
 
Posted: 2013-08-19 21:50
"You wanna know why I buried all that money? I'm scared! Ok? I'm just f*cking terrified of inflation!" - Walter White

Phantom309


Total Posts: 133
Joined: Jul 2013
 
Posted: 2013-08-22 18:10

"Life is too short to do something yourself when you can afford to pay someone else to do it for you"

- Anonymous


Brimful of Asha on the 45"

Phantom309


Total Posts: 133
Joined: Jul 2013
 
Posted: 2013-08-22 18:14

"God knows many things and many markets, such as the arrival of defaults from now until the end of time. But no one, not even God knows the future course of USD/JPY, the S&P 500 and the DAX."

- FDAXHunter (Angel talking to Nonius)


Brimful of Asha on the 45"

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2014-03-19 16:55
"Power corrupts. Knowledge is power. Study hard. Be evil."
Google attributes it to Mark Twain or Eleanor Roosewelt.


OFFENDERS WILL BE TERMINATED

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2015-03-30 11:22

A crank is defined as a man who cannot be turned.

— Nature, 8 Nov 1906, 25/2

OFFENDERS WILL BE TERMINATED

ComteZero


Total Posts: 523
Joined: Jun 2004
 
Posted: 2015-04-04 13:50
With classic asset management, [low] fees are the main source of alpha.
-- a pal

/* Trust is good, no trust is better. */

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2015-10-13 12:12
"Let us suppose that an ichthyologist is exploring the life of the ocean. He casts a net into the water and brings up a fishy assortment. Surveying his catch, he proceeds in the usual manner of a scientist to systematise what it reveals. He arrives at two generalisations:
(1) No sea-creature is less than two inches long.
(2) All sea-creatures have gills.
These are both true of his catch, and he assumes tentatively that they will remain true however often he repeats it.."
Arthur Eddington

OFFENDERS WILL BE TERMINATED

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2016-01-08 14:33
In mathematics you don’t understand things.
You just get used to them.
J. von Neumann

I saw a dead fish on the pavement and thought 'what did you expect? There's no water 'round here stupid, shoulda stayed where it was wet.'

TakeItAndRun


Total Posts: 88
Joined: Apr 2010
 
Posted: 2016-01-26 11:13
From the blog of The Economist:
'It is too early to say whether the Fed made a mistake by raising rates in December'

TakeItAndRun


Total Posts: 88
Joined: Apr 2010
 
Posted: 2016-02-21 21:37
From Paul Krugman's presentation at Princeton, What Have We Learned Since 2008?

Some annoying propositions:
1. Complex econometrics never convinces anyone
2. “Complex” includes multiple regression
...

Big Smile

jslade


Total Posts: 1060
Joined: Feb 2007
 
Posted: 2016-02-27 23:24
"Experience with real-world data, however, soon convinces one that both stationarity and Gaussianity are fairy tales invented for the amusement of undergraduates." -DJ Thompson 1994. Jackknifing multiple-window spectra. In: Proceedings of the IEEE International Conference on Acoustics, Speechand Signal Processing,VI, 73-76.

"Learning, n. The kind of ignorance distinguishing the studious."

pj


Total Posts: 3307
Joined: Jun 2004
 
Posted: 2017-01-04 11:33
"The older I grow, the more I distrust the familiar doctrine that age brings wisdom." - Henry L. Mencken

I saw a dead fish on the pavement and thought 'what did you expect? There's no water 'round here stupid, shoulda stayed where it was wet.'

Kutilya
Quote Machine

Total Posts: 1286
Joined: Jun 2004
 
Posted: 2017-01-13 17:25

"Beware ignorance protects itself." Octavia Butler


Hypocritic Oath

Cheng


Total Posts: 2803
Joined: Feb 2005
 
Posted: 2017-01-28 14:25
I am looking for the precise formulation and the source of a quote (might be Aaron, but not sure), so I guess this is the least inappropriate thread. It goes something like "risk is what remains after everything else has been accounted for".

Any ideas?

"He's man, he's a kid / Wanna bang with you / Headbanging man" (Grave Digger, Headbanging Man)

chiral3
Founding Member

Total Posts: 4983
Joined: Mar 2004
 
Posted: 2017-02-03 01:04
Economics Teacher: In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone? ...the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered? ...raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. 'Voodoo' economics.

Nonius is Satoshi Nakamoto. 物の哀れ
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