• The Math Hustle

    12 days ago - By Crossing Wall Street

    Institutional Investor has a very good article on Wall Street's abuse of math. Let me explains. Financial economics has an inferiority complex. As a result, the field needlessly uses fancy math to justify itself. This seeps into money management.
    The financial industry uses mathematics in a manner that would be mortifying to any other field of science. Academic literature and industry research are rife with pseudo-mathematical nonsense. You don't have to look far to see where the motivation lies: Many of the authors are either employed by or retained by richly paid investment management...
    Read more ...