I was in a quants hedge fund's New York office in August 6, 2007. I have never been able to forget the experience there.
Both finance and economics are different from physics. Because they are related to monetary value and ultimately investors' emotions. Would the be possible for us to appropriately model the emotions? I don't think so. Emotions fluctuate like all atoms under the absolute non-zero temperature.
This is a great book to review what happened in the market and think about what should be done next.
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