Thursday, March 12, 2020

Pandemic Markets: Things Get Complicated Fast

I'm sure someone will write something up on pandemics and societal complexity but if not I'll see what I can slap together. In the meantime here's a version of a saying we use when modeling weather/climate/hubris markets and their interactions:
....We last touched on complexity in Wednesday's "The Joy of Randomness: Central Bank Strategy, Management Technique and Stock Selection":
...Ya see, ya got your complex systems and ya got your chaotic systems and then ya got your complex-chaotic systems like weather or the economy or the stock market and when you endeavor at those levels of sophistication you realize:
"Nobody knows anything"
-William Goldman

And here's someone who actually does get it, Bryce Elder at Markets Now - LIVE - hosted at FT Alphaville:
10:00am GMT - Honestly though, what’s the point? 
....MUCH MORE

And from his confrères in reality-oriented journalism:

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