What do you call a statistics blog?
A slog!
(got this from Shravan Vasishth's statistics blog)
(got this from Shravan Vasishth's statistics blog)
posted by Sharan Sharma at 7:42 PM
Random stuff on Non-dual philosophy, Statistics and a zillion other things. I like to see life from as many perspectives as possible; hence the diversity of topics you see on this site - see 'Complete Profile' below.
posted by Sharan Sharma at 7:42 PM
3 Comments:
Methematics is principally a tool to meditate, rather than to compute. - Nassim Nicholas Taleb
Some nasty comments on him on amazon - read the review of his 'Fooled by randomness'.
Some doubts have been cast on his stats knowledge...
Read some of them and I must say the comments are nasty but we also have a history that needs some attention. If you read the book, the author has analysed how the stock markets behave and why no one can predict it. I have a live example for you to analyse. When I was with SBI MF, the markets were operating in the range of 5700 - 6000. One of the investment managers told me that its not the right time to invest as the markets will touch 6500 and then crash. The markets touched 6500 and crossed. All the market players started repeating only one thing "Retail investors should be cautious". The markets touched a new high and crossed 7000.
The general reactions from the fund managers and institutional investors were "the markets will fall any time now. Retail investors have to take care". Markets touched 10000 and the same investors and market analysts who said the markets will fall said the markets will touch 12000. it has indeed touched 12000 and someone said the markets will cross 15000 mark. On CNBC, one of the FII representatives said yesterday that the real range for SENSEX is 11000 so I expect the markets to fall and settle in the range of 10500 - 11000.
It’s everybody's guess and this is what the author has said the book. No one knows what drives the market and what will happen the very next moment.
I liked the book quite a lot... maybe I could relate to what the author was saying...
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