The current political and financial scene in Washington and New York could not be unfolding in a more dramatic fashion.  Key congressional leaders, the President, McCain, Obama, and Secretary Paulson met late into the evening yesterday only to walk away with no deal to rescue US banks and the ailing markets.  Click here for a brilliant account of the events via Stolberg of […]

If you’re fully engaged in the modern world then you’ve probably used statistics to make arguments and push a particular interest (like predicting orders or market conditions, if you work at a consumer product company, for example). Nassim Nicholas Taleb, in both his book, The Black Swan, and more recently in his essay, THE FOURTH QUADRANT: A MAP OF THE LIMITS […]