“I eat my peas with honey; I’ve done it all my life…” (poem)
A frequently reprinted poem (attributed to "Anonymous") about food is: "I eat my peas with honey; I've done it all my life. It makes the peas taste funny, But it keeps them on…
Archive for 02/2011
“In a financial crisis, all correlations go to one”
Entry in progress -- B.P. Google BooksHandbook of Heavy Tailed Distributions in FinanceBy Svetlozar T. Rachev Amsterdam: Elsevier2003Pg. 70:Tail dependenceThere is a saying in finance that in times…
Greater Fool Theory
The "Greater Fool Theory" applies to a mania, such as for internet stocks (in the 1990s) or for real estate (in the 1970s). The investing fundamentals of holding that asset might be poor,…