Monthly Archives: January 2011

Lawyers enable complex laws

Let’s assume that (i) there is an optimal number of lawyers and that (ii) said number is between 0% and 100% of the population. The cost of adding a lawyer to society is that a smart, articulate person no longer … Continue reading

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wowgreat: 88850FlowerCircles_13_grid1 (by holger lippmann) (Source: http://www.flickr.com/photos/lumicon/3643026707/in/set-72157619962429652/)

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In this paper an exhaustive characterization of financial markets was given. Dependence: Autocorrelation in returns if largely insignificant. (Exceptions being at the tick level and annual returns.) Distribution: Approximately symmetric, increasingly positive kurtosis as the time interval decreases and a … Continue reading

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Do-It-Yourself MFE

or, The Reading List That Will Make You Rich. What follows is very much a field report of one particular DIY Masters in Financial Engineering. That brings drawbacks (like idiosyncrasy and personal narrative) — and advantages (I’ve actually read the … Continue reading

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From nature to hardware to software in less time than it takes to drink a Starbucks Trenta. I love this. In about seven minutes (5:00 to 12:00) he goes from Maxwell’s Laws, to lumped circuit elements, to simple circuits, to … Continue reading

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Jorma Jormakka

People who pay attention to this sort of thing may remember that Jorma Jormakka claimed to have solved the Navier-Stokes equation, one of the Clay Mathematics Institute’s $1M problems. Looking at this arXiv page, it’s apparent that he purports to … Continue reading

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