'In the course of my investment activities, I discovered that financial markets operate on a principle that is somehow akin to scientific method. Making an investment decision is is like formulating a scientific hypothesis and submitting it to a practical test[…]
taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones […]
Most market participants do not view markets in this light.'"
Soros:
'In the course of my investment activities, I discovered that financial markets operate on a principle that is somehow akin to scientific method. Making an investment decision is is like formulating a scientific hypothesis and submitting it to a practical test[…]
taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones […]
Most market participants do not view markets in this light.'"
I appreciate the reminder re: vols.
Thank you!