How Quants Go Wrong

Here’s a great quote from a recent Wall Street Journal article: "Events that models only predicted would happen once in 10,000 years happened every day for three days."  Matthew Rothman, Ph.D., Lehman Brother Holdings I …
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Detroit Hurting–Legacy Costs Not the Problem

Detroit is hurting, but don’t be mistaken–auto sales aren’t bad.  Instead, it’s American brands that are doing poorly, while foreign nameplates are doing alright.  (We refer to brands and nameplates, because about half of the …
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Car Sales Soften Just a Bit

Car sales edged down, but there’s no disaster in the aggregate.  (That’s a warning that disaster is to be found in the details.) Last month’s car and light truck sales were off from February, but …
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