Does the book by Amos Tversky and Daniel Kahneman, “Thinking, Fast and Slow,” highlight the fundamental flaw in AI? The definition of heuristic (a key Tversky Kahneman topic) is, paraphrasing, pragmatic problem-solving, subject to vagary and error. One could say…
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Jane Street, a top 25 holder of US equities in 13Fs and one of the biggest global proprietary traders, has been banned for now from the Indian stock market by the regulatory equivalent there of the SEC. Why should you…
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Karen’s laptop computer died last Thursday, June 26. We needed a replacement pronto. We bought it online from our usual source, a big maker that’s a ModernIR customer so we’ll maintain confidentiality. We paid for expedited delivery, which said it…
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There’s an air of inevitability in the stock market. We have wars and rumors of wars and stocks rise, and then a ceasefire and stocks skyrocket. It’s nice in the sense that a relentlessly yeasty market creates wealth. Moviemaker Stanley…
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Who is John Galt? The libertarians know. But who is John Law? I would’ve gotten along with him as he liked probabilities. At one point by his own estimation – reducing its veracity – he was the richest man who…
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Crazy Chester followed me and he caught me in the fog. I’ve had that lyric stuck in my head. As it turned out in the song by The Band, Chester wanted him to take Jack the dog. I like this…
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