It is sometimes said that the investment world is based on anecdote: we use certain processes because that is the way we’ve always done it. But market conditions haven’t been favourable to the techniques of the old. There are various disruptive forces at play that may or may not be secular: The effects of quantitative […]More Details
"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
Friedrich August von Hayek