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Re: [Pen-l] Benoit Mandelbrot and the wildness of financial markets: SciAm
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Benoit Mandelbrot and the wildness of financial markets: SciAm
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Tue, 17 Mar 2009 06:57:41 -0700
- Dkim-signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=gamma; h=domainkey-signature:mime-version:received:in-reply-to:references :date:message-id:subject:from:to:content-type :content-transfer-encoding; bh=Azb5GyhuwzhNT8t3fjZoM97MJi2d2FXehT6R12pfGOQ=; b=Tl+zWcbFUSS2+v+UEglhoAby6vHAac7S0EehCOMgHpM/qnlmuDycWfYnTKibF7Uzts s9nuvRdppfD6k4D3Y8adwLmoDvRjS/FxdoPDg47yf3uKMy1lnpJbOIjZgMcC5WOSS480 RYwMR1WRnlGdmzjZ1bK2QIcBXyfglpoh59yfE=
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> ... "What does a bad
> theoretical physicist do for a
> living? He walks into an office, sits at a
> desk, and stares at a plain
> white sheet of paper." "But," Summers
> added, "there's a lot of work in
> the world for a bad economist."
a lot of bad theoretical physicists became "quants" on Wall Street.
That helped create the current mess.
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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