Maybe Paul Samuelson and his coauthors should’ve spent less time on dominance games and “boss moves” and more time actually looking out at the world that they were purportedly describing.

Yesterday we pointed to a post by Gary Smith, “Don’t worship math: Numbers don’t equal insight,” subtitled, “The unwarranted assumption that investing in stocks is like rolling dice has led to some erroneous conclusions and extraordinarily conservative advice,” that included … Continue reading → …