I realize that this blog has been largely neglected for some time as I have given my attention to my more universal blog at Lateral Drift but I saw a quote from The Economist today and thought I would share it using a popular column I write at the other website.  Here are some words from the wise:

“Andrew Lo, of MIT’s Sloan School of Management, was fond of pointing out that in the physical sciences three laws can explain 99% of behaviour, whereas in finance 99 laws can explain at best 3% of behaviour.”

-The Economist, Sept. 26th - Oct. 2nd 2009