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Old 04-08-2011, 08:09 AM   #2032
aphex
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Join Date: Dec 2008
Location: athens, greece
Posts: 6,292
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Quote:
Originally Posted by Thud and blunder View Post
I trade the financial markets for a living. I see guys like Sennoc all the time; they have a PhD in theoretical physics or whatnot and now they're going to use their megabrain to become money machines....these guys all blow up, mainly through arrogance, and then blame the market....'black swan', 'thousand year flood', 'twenty sigma moves', ie 'my model was right, the real world was wrong'....which seems to be where Sennoc is at.

'that's all very well in practice, but will it work in theory'
Yes. Sennoc beats himself regularly.
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