["Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the symbols. Our advice: Beware of geeks bearing formulas."]
[Also blissfully ignored, he wrote, were the perils of relying on mathematical models devised without worst-case situations in mind. Too often, he wrote, Americans have been enamoured of "a nerdy-sounding priesthood, using esoteric terms such as beta, gamma, sigma and the like".
Some scepticism about these models is overdue, he added. "Our advice: beware of geeks bearing formulas." Home » Business » Article
Warren Buffett scolds regulators, CEOs and himself
David Segal, New York March 1, 2009 New York Times all 1,584 news articles]
Beware of persons who love to sermonize peddling the esoteric terminologies unveiled by The Mother and Sri Aurobindo without themselves tasting their true awareness. [TNM]