From the mouths of retired mathematicians

[Ken Gordon <ksg@xxxxxxxxxxxxxxx>]

While not, perhaps, earth shattering or new, I thought the PKT list might enjoy this from today's Toronto Globe and Mail Report on Business. The whole story is at: <http://www.globeandmail.com/servlet/ArticleNews/PEstory/TGAM/20021012/STMYMO/Business/business/businessNetWorthHeadline_temp/1/1/9/>

> Now that he's left the staff of the University of Waterloo, retired math professor Peter Ponzo has all the time in the world for researching market-beating formulas and strategies. The only problem is that he, er, doesn't have any time for them.
>
> Ultimately, the 68-year-old says, "I don't think that mathematical stuff does much good.
>
> "While you can play with past statistics, mathematical formulas don't give you much insight into what will happen in the future because they don't reflect human nature and investor sentiment, and that's what drives so much of the market."