Re:Taleb - the new sage of Wall Street |
by calambrac on Tuesday October 07, 2008 @01:34PM
(#325854)
A complete lockup of the global financial system has been seen often before? Come on.
As for whether or not the scenario should be well understood by anyone who has common sense: yes, that's the point. People were blinded by their faulty statistical models, and stopped acting in a sensible way.
As for whether or not the scenario should be well understood by anyone who has common sense: yes, that's the point. People were blinded by their faulty statistical models, and stopped acting in a sensible way.