Monday, May 4, 2009

Messrs. Buffett and Munger Made Clear Their Complete Disdain for the Use of Higher-Order Mathematics in Finance

Well lookie here:

http://finance.yahoo.com/insurance/article/107029/Business-Musings-From-Woodstock-for-Capitalists

Buffett and Munger don't like the math used in finance (and I suppose economics too.) What the heck did we say in the blog "Why I Hate Economists," published February 25th.

The problem isn't with "higher order" math as is described by these investment titans, it's with math that is bad.

You can read the rest in the original blog.

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