When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the game.
Robert HaugenSo you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.
Robert HaugenIn real-world Finance, they don't pay for elegance. They pay for power - predictive power.
Robert Haugen