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What’s Playing: Strawberry Fields Forever by The Beatles

Strawberry Fields Forever by The Beatles

Let me take you down, ’cause I’m going to Strawberry Fields.
Nothing is real and nothing to get hung about.
Strawberry Fields forever.

Living is easy with eyes closed, misunderstanding all you see.
It’s getting hard to be someone but it all works out.
It doesn’t matter much to me.

Let me take you down, ’cause I’m going to Strawberry Fields.
Nothing is real and nothing to get hung about.
Strawberry Fields forever.

No one I think is in my tree, I mean it must be high or low.
That is you can’t you know tune in but it’s all right.
That is I think it’s not too bad.

Let me take you down, ’cause I’m going to Strawberry Fields.
Nothing is real and nothing to get hung about.
Strawberry Fields forever.

Always no sometimes think it’s me, but you know I know when it’s a dream.
I think, er No, I mean, er Yes but it’s all wrong.
That is I think I disagree.

Let me take you down, ’cause I’m going to Strawberry Fields.
Nothing is real and nothing to get hung about.
Strawberry Fields forever.
Strawberry Fields forever.
Strawberry Fields forever.

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-rePost-Recipe for Disaster: The Formula That Killed Wall Street

FHM winner
Image by SUPERL0L0 via Flickr

Thanks to Paul Wilmott for the pointer here. I learned a lot from this article by Felix Salmon and its somewhat fun to read!

In the world of finance, too many quants see only the numbers before them and forget about the concrete reality the figures are supposed to represent. They think they can model just a few years’ worth of data and come up with probabilities for things that may happen only once every 10,000 years. Then people invest on the basis of those probabilities, without stopping to wonder whether the numbers make any sense at all.

As Li himself said of his own model: “The most dangerous part is when people believe everything coming out of it.”

Recipe for Disaster: The Formula That Killed Wall Street.

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