Invest Intelligence When It Realy Matters
Why You Can Beat the Market
What I find remarkable is how the same guys who missed this financial apocalypse continue to follow useless theoretical risk models based on math. Too funny. I suppose they have little choice since they have no other training. In this case, myopia can be disastrous.
You can neither measure nor control risk using mathematical equations. The best risk managers have real trading experience. More important, they are leaders in thought.
Most Wall Street professionals have been fooled by these highly flawed risk models because they do not have math degrees. So when exposed to the intricate theorems and equations, they become hypnotized into thinking they have found some Holy Grail.