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	<title>Some stuff &#187; decade</title>
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		<title>physicist trashtalking on economists</title>
		<link>https://blog.yhuang.org/?p=274</link>
		<comments>https://blog.yhuang.org/?p=274#comments</comments>
		<pubDate>Wed, 30 Jun 2010 13:06:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[contrast]]></category>
		<category><![CDATA[decade]]></category>
		<category><![CDATA[econophysics]]></category>
		<category><![CDATA[guarantee success]]></category>
		<category><![CDATA[joseph l mccauley]]></category>
		<category><![CDATA[ltcm]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[physicist]]></category>
		<category><![CDATA[prediction]]></category>

		<guid isPermaLink="false">http://scripts.mit.edu/~zong/wpress/?p=274</guid>
		<description><![CDATA[&#8220;The physicist-run Prediction Company is an example of a company that has apparently extracted unusual profits from the market for over a decade. In contrast, economist-run companies like LTCM and Enron have gone belly-up. Being a physicist certainly doesn&#8217;t guarantee success &#8230; but if you are going to look for correlations in (market or any [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p>&#8220;The physicist-run Prediction Company is an example of a company that has apparently extracted unusual profits from the market for over a decade. In contrast, economist-run companies like LTCM and Enron have gone belly-up. Being a physicist certainly doesn&#8217;t guarantee success &#8230; but if you are going to look for correlations in (market or any other) data then being a physicist might help.&#8221;</p>
<p>Joseph L. McCauley, writing in<br />
Dynamics of markets: econophysics and finance</p></blockquote>
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