Money and Finance
- Links
TEDx Talk - The (ab)surd golden ratio | Robb Enzmann (video) (LINK) The Guinness Brewer Who Revolutionized Statistics [H/T @mjmauboussin] (LINK) A Seismic Shift in How People Eat (LINK) Slack and the State of Technology at the End of 2015 (LINK) Quote...
- Howard Marks On Bloomberg
Link to video: Howard Marks on Risk Assessment, Market Strategy Sept. 5 (Bloomberg) -- Howard Marks, chairman of Oaktree Capital Group LLC, talks about assessing market risk, volatility and sentiment. Marks speaks with Stephanie Ruhle and Erik Schatzker...
- Naked Statistics - Stripping The Dread From The Data
Link .................. Related book: Naked Statistics: Stripping the Dread from the Data - By Charles Wheelan ...
- Help Us, Nate Silver!
Thanks to Mike for passing this along. Statistics cannot be any smarter than the people who use them. And in some cases, they can make smart people do dumb things. One of the most irresponsible uses of statistics in recent memory involved the mechanism...
- Risk, Exposure, And Probability
From the book What I Learned Losing A Million Dollars by Jim Paul and Brendan Moynihan: "The definition of risk is to expose to the chance or possibility of loss. Most people erroneously try to assign a numerical value to that chance, which simply confuses...
Money and Finance
Howard Marks quote on statistics
From “Whad’Ya Know?” (March 2003):
“I think statistics are like matches – the unsophisticated shouldn’t play with them. When shown to the public, they tend to produce confusion between possibility, probability and a sure thing, and between random occurrence and cause-and-effect.”....................
Related book: How to Lie with Statistics
- Links
TEDx Talk - The (ab)surd golden ratio | Robb Enzmann (video) (LINK) The Guinness Brewer Who Revolutionized Statistics [H/T @mjmauboussin] (LINK) A Seismic Shift in How People Eat (LINK) Slack and the State of Technology at the End of 2015 (LINK) Quote...
- Howard Marks On Bloomberg
Link to video: Howard Marks on Risk Assessment, Market Strategy Sept. 5 (Bloomberg) -- Howard Marks, chairman of Oaktree Capital Group LLC, talks about assessing market risk, volatility and sentiment. Marks speaks with Stephanie Ruhle and Erik Schatzker...
- Naked Statistics - Stripping The Dread From The Data
Link .................. Related book: Naked Statistics: Stripping the Dread from the Data - By Charles Wheelan ...
- Help Us, Nate Silver!
Thanks to Mike for passing this along. Statistics cannot be any smarter than the people who use them. And in some cases, they can make smart people do dumb things. One of the most irresponsible uses of statistics in recent memory involved the mechanism...
- Risk, Exposure, And Probability
From the book What I Learned Losing A Million Dollars by Jim Paul and Brendan Moynihan: "The definition of risk is to expose to the chance or possibility of loss. Most people erroneously try to assign a numerical value to that chance, which simply confuses...