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  • Is Financial History Bunk? [View article]
    A very good and provocative article, aided by its brevity.
    Question that comes to mind is perhaps even broader than issues of financial history - what kinds of narrative are required for societies and economies to be managed properly? Living in such a complex, inter-dependent and inherently unstable world it is not too surprising that we gravitate towards simplifying narratives like "average recession length", "fundamental value" and "reversion to the mean". We just have to be aware that they are narratives and not mathematically important theorems about the way that the real world works.
    Jan 18 10:56 am |Rating: +1 0
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