Blog by Sumana Harihareswara, Changeset founder

26 Jun 2006, 11:59 a.m.


Hi, reader. I wrote this in 2006 and it's now more than five years old. So it may be very out of date; the world, and I, have changed a lot since I wrote it! I'm keeping this up for historical archive purposes, but the me of today may 100% disagree with what I said then. I rarely edit posts after publishing them, but if I do, I usually leave a note in italics to mark the edit and the reason. If this post is particularly offensive or breaches someone's privacy, please contact me.

Now that I have read A Random Walk Down Wall Street by Malkiel, I can understand Daniel Davies on beta and his lyrical allusions to what Gladwell would call the black swan. A Davies bonus: calling something "risk aversion" when it's "pessimism."