As for the quants, they love nothing more than having to tackle technically difficult problems.the more difficult,the better. Not only will the pleasure in solving the puzzle be greater, but, at least as importantly, the quants' indispensability to the firm will be further confirmed. So, it is not so surprising after all that the quant suggesting that a simpler, less quantitative approach should be used to solve a problem is only slightly less rare than a turkey voting for Christmas.

[youtube https://www.youtube.com/watch?v=wwAbtizFCzo&hl=en&fs=1&w=425&h=344]

Here is a similar idea that TP and I tried during 2004-05 in India . Couldn’t scale it then. http://unyk.com/ Will it work now in India ? May be someone will go for it again

“VC - Founders” link explored by Paul Graham, in the light of recession. Link : Could VC be a casualty?

Where do we use conventional stats in the real world ? Taleb says there is an edge beyond which it does not make sense. Here is an illustration from his recent article Link : An Edge Appendix is worth going over too - Technical Commentary