Episode 67: Are investors are dart throwing chimpanzees?

23/07/2022 11 min

Listen "Episode 67: Are investors are dart throwing chimpanzees?"

Episode Synopsis

People on Wall Street build investment models.
When I don't use their model they call me a chimpanzee.
Don't people "chimps" build these models in the first place?
Statisticians and model builders downplay human judgment that is until the model breaks and the human judgment tells them it's time to build a new model.
Join me in today's episode as we discuss how to use the right information to make the best possible decisions...