The Folly of Randomness
I'll write more on this later but this is a great piece from the WSJ on how sometimes we look at random events and see superior skill. Wall St. regularly takes these random events and markets them as skill. I think, however, if people read this article first, they might think twice about paying extra for this "secret sauce".
Christopher
The Triumph of the Random
From banking to baseball, winning streaks owe much to the laws of chance
By LEONARD MLODINOW
It
was the summer of 1945, and World War II had ended. Former soldiers,
including famous baseball stars, streamed back into America and into
American life. Yankee slugger Joe DiMaggio was trying to be Yankee fan
Joe DiMaggio, sneaking into a mezzanine seat with his 4-year-old son,
Joe Jr., before rejoining his team. A fan noticed him, then another.
Soon throughout the stadium people were chanting “Joe, Joe, Joe
DiMaggio!” DiMaggio, moved, gazed down to see if his son had noticed
the tribute. He had. “See, Daddy,” said the little DiMaggio, “everybody
knows me!”
Read the full Wall Street Journal article "The Triumph of the Random" »




Recent Comments