An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
This is worse than the finance business where somebody luckily makes a few quid on a supposed correlation, fits a load of curves to the available data, writes a book on the new formula, goes on a lecture tour and loads of people buy the book and follow the method while losing lots of money.
Because it turns out the guy just got lucky and didn't have any great insight.
They should stick to seeing Teddy Bears in clouds.
1 comment:
This is worse than the finance business where somebody luckily makes a few quid on a supposed correlation, fits a load of curves to the available data, writes a book on the new formula, goes on a lecture tour and loads of people buy the book and follow the method while losing lots of money.
Because it turns out the guy just got lucky and didn't have any great insight.
They should stick to seeing Teddy Bears in clouds.
Post a Comment