The real cause of the financial crisis -- An MIT Blackjack Team perspective(semyondukach.blogspot.com)
semyondukach.blogspot.com
The real cause of the financial crisis -- An MIT Blackjack Team perspective
http://semyondukach.blogspot.com/2009/01/real-cause-of-financial-crisis.html
4 comments
This 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.
Another interesting article about this on theoildrum..
http://europe.theoildrum.com/node/5260
http://europe.theoildrum.com/node/5260
What 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."
"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."
> 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
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
Actually a lot of fund managers invest in their own fund, many heavily. A lot of fund investors look for that.
How did this get added again ?!
Different URL. Here's the original posting: 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!
It points at semyon.com, which now redirects to blogspot.
Definitely worth reading if you missed it the first time!
apologies for the duplicate!