typefitter
Well-Known Member
- Joined
- Dec 5, 2002
- Messages
- 7,375
Music. Fashion. Taste. What the market's underlying risk-free interest rate is (or will be). The list goes on and on.
Exactly. The trouble with Moneyball (through no fault of Billy Beane or Michael Lewis) is that it made people, like your unpleasant-sounding colleague, believe that everything could be dissected through statistical analysis. Which led to all sorts of sham number-teering and self-proclaimed "code crackers" who had done no such thing. It worked in baseball, because baseball was ripe for it. Same with the market and so on. But even baseball has some facets that are resistant to statistical analysis. Like, What makes a good manager? It's a clashic case of the pendulum making a necessary swing, but now we're in the over-correction phase of the game. I want to help push the pendulum back just a little.