Mathematics is ordinarily considered as producing precise and dependable results; but in the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw therefrom. . . . Whenever calculus is brought in, or higher algebra, you could take it as a warning signal that the operator was trying to substitute theory for experience and usually also to give to speculation the deceptive guise of investment. . . . Have not investors and security analysts eaten of the tree of knowledge of good and evil prospects? By so doing have they not
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Fancy formulaes and calculations are to be kept away. Keep it simple and no complications.
