Briefly Speaking

作者:Victor Niederhoffer
日期:2011/02/09

The divergence between 30 year rates at 4.78 % and the relevant EP ratio or the easier to track 30 year at 117 and stocks at 1220, which has moved 15 % in favor or stocks versus bonds continues to show a somewhat tainted euphoria and or divergence in the normal allocations between bonds and stocks, I think.

I was away in Chicago the last three days, and Steve Stigler is writing a book about the five main ideas of statistics. He points out that Galton is involved in only two of them: comparison using internal variability and regression. [The other three ideas are: Combining observations, the square root of N rule, testing and likelihood of an experiment]. Galton was recently ranked as sixth most referenced scientist of the last 100 years in scientific papers, with Darwin and Bertrand Russell ranked 2 and 1 respectively.