Two kinds of traders

[jon_leonard]

There appear to be two kinds of traders: Those that don't believe mathematical models enough, and those that believe them too much.

Trading on gut instinct can get you into trouble, but trading based on a bad model can get you into even more trouble.

Comments

[motleypolitico]

Oddly enough, I'm in complete agreement with you.

Mathematical models need to be tempered with common sense, IMHO.