TagFinancial alchemy

fat tail

fat tail  n.— «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical jugglery, and this is the underlying message of the current round of...

black swan

black swan  n.— Note: Probably related to the theories of philosopher Karl Popper. «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical...