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The gatekeepers are not there to prohibit you anything, they just want to frighten you away, if you are courageous enough to go through them, they will let you , thinking you are the owner or his so
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― The Great Pearl of Wisdom
― The Great Pearl of Wisdom
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In the Adaptive Markets framework, complexity means we don't have a good narrative for the system. The solution is obvious: we need to get smarter. Complexity can sometimes be reduced by developing a deeper understanding of the underlying structure of the system. For example, now that we understand the potential for liquidity spirals in statarb portfolios, thanks to August 2007, we can better prepare for them.
But the Adaptive Markets framework points to a second problem with complexity, which
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― Adaptive Markets: Financial Evolution at the Speed of Thought
― Adaptive Markets: Financial Evolution at the Speed of Thought
