News for hackers. Stuff that matters.

A comment on The End of Wall Street (Liar's Poker author). Parent comment

Re:The End of Wall Street (Liar's Poker author) by time_management on Tuesday November 11, 2008 @09:36PM (#361297)
I find that almost impossible to believe.
[ Parent | on HN ]
Re:The End of Wall Street (Liar's Poker author) by mixmax on Tuesday November 11, 2008 @11:52PM (#361412)
From an intellectual point of view I do too.

When I read the news I'm sure it's true.

[ Parent | on HN ]
Re:The End of Wall Street (Liar's Poker author) by litewulf on Wednesday November 12, 2008 @03:56AM (#361623)
I mean, what if there's a sqrt or something like that in the model. Imaginary numbers are fun to pay off, but no fun to receive :)

Also: perhaps the model was built up using empirical data and they just never really had a chance to update the model when home prices were going down... I don't find it all that weird for them to produce data-driven forecasts ;)

[ Parent | on HN ]