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Mr. Brown: good piece. Whilst I'm sure Kurtosis has its place in cosmology, I think the real problem has been that the people who design valuation models have been getting paid bonuses on the basis of modelled output. If you could model yourself a seven-figure bonus, I'm guessing you'd overlook kurtosis as well. Nah....I wouldn't do that, of course!
Jan 06 13:21 pm
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All Comments by OldLimey »Strategists Need Some Help with Their Market Predictions [View article]
CautiousInvestor: dead right.