Wednesday, March 16, 2011

Quote of The Day

We live in stochastic times:
"We can no longer turn the clock back to a simpler time. We must play the hand we are dealt. And our time is interconnected, interlinked and increasingly complex. And our hand has, at its core, a rising number of outlier or Black Swan events."
Doug Kass
See also Ormerod and Colbaugh.

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