Comment by greenhatman
6 years ago
>while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system
All models are wrong, but some are useful.
> All models are wrong, but some are useful.
A slogan usually trotted out in defence of bad modelling.
Some models are useful. Some are dangerous. Do you have the means to tell the difference?