Sublime

no more need to have them enforce our contracts.

“They have hired astronomers; they have hired mathematicians; they have hired physicists; they have even hired theologists. They never even interviewed an economist.”

Nature’s laws do not change very much. So long as the store of human knowledge continues to expand, as it has since Gutenberg’s printing press, we will slowly come to a better understanding of nature’s signals, if never all its secrets. And yet if science and technology are the heroes of this book, there is the risk in the age of Big Data about bec

In recent years, an underlying sense has emerged that algorithmic culture is shallow, cheap, and degraded in the washed-out manner of a photocopy copied many times over.

(Herbert Simon said it best: “A wealth of information creates a poverty of attention.”)

We argue that the cornerstone of modern finance theory, the efficient markets hypothesis (EMH), is self-serving, vacuous nonsense.