Theory versus Statistics, Financial Economics Edition.
"You can almost here the lament of this quant that the real math theory has been dead since 1980, and that it has all been applied and statistics ever since. It’s like Fischer Black was Kool Herc and Myron Scholes was Afrika Bambaataa, and they’d all go plug in their computers into lamp posts and do martingale representations in the streets and at house parties. And, of course, it was all ruined in 1979 when it went commercial." A response to The Last Temptation of Risk by Barry Eichengreen
Breaking the Chain: The antitrust case against Wal-Mart.
Barry C. Lynn argues Wal-Mart is a monopsony
, and should be dealt with the same way A&P
and Standard Oil
were many years ago.
Word on the street
is google has filled for an IPO
. Hot Damn!