Wonderful is the depth of thy words, whose surface is before us, gently leading on the little ones: and yet a wonderful deepness, O my God, a wonderful deepness. It is awe to look into it; even an awfulness of honour, and a trembling of love.
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 models. Beware of geeks bearing formulas.