Comment by 323
4 years ago
You are correct.
But when people say "finance is science" what they usually mean is "here is the complicated math that proves you can't lose money on this, we've modeled everything".
As the joke goes, 6 sigma events happen in finance every week.
> when people say "finance is science" what they usually mean is "here is the complicated math that proves you can't lose money on this, we've modeled everything"
100% agree. When I was an algorithmic derivatives trader, we joked that the math was there to scare up investors and scare off compliance. Little did we know...
> we've modeled everything
That's a great science joke.
This is silly.
This is like saying physics is not science because the nutjobs claiming we will recieve divine revelation by praying to "the quantum energy field" use physics-y terms in their BS.