Quants: The Alchemists of Wall Street
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I was preparing a piece for the Australian Investors Association when I came across this quote. The story telling mind is allergic to uncertainty, randomness, and coincidence. It is addicted to meaning. If the storytelling mind cannot find meaningful patterns in the world, it will try to impose them. In short, the storytelling mind is…
Detailsby lisamahapatra. Explore more infographics like this one on the web’s largest information design community – Visually.
A floor trading is either being pranked or is making an extremely insightful comment on the reporter.
Wall Street relies on “stock analysts.” These are people who do research on companies and then, no matter what they find, even if the company has burned to the ground, enthusiastically recommend that investors buy the stock. They are just a bunch of cockeyed optimists, those stock analysts. When the Titanic was in its death…
DetailsHere are two pieces of information that I find oddly juxtaposed. The first is a list of broker recommendations for Apple – no prizes for guessing that they have been recommending it all the way down. And this is notable staff trading in Apple. What to make of it – undoubtedly nothing. However, it is…
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