>while there are some fundamental principles at play, the world of finance is to... | Hacker News

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		greenhatman on March 14, 2020 \| parent \| context \| favorite \| on: Ask HN: Book recommendations for understanding fin... >while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system All models are wrong, but some are useful.

soVeryTired on March 14, 2020 [–]

> All models are wrong, but some are useful.

A slogan usually trotted out in defence of bad modelling.

Some models are useful. Some are dangerous. Do you have the means to tell the difference?

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