“Exponentials can’t go on forever, because they will gobble up everything.” - Carl Sagan
Topics: financial economy, public finance, Economist
"More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly." - Woody Allen
"The whole secret of mysticism is this: that man can understand everything by the help of what he does not understand. The morbid logician seeks to make everything lucid, and succeeds in making everything mysterious."
Topics: financial economy, Fischer Black, Risk Metrics