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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (6491)4/7/1998 9:53:00 PM
From: Carl H. Gotsch  Read Replies (1) of 18691
 
Roger,

Your comments suggest that, contrary to some previous posts, our "models" have suffered from excessive simplicity, not undue complexity. We have been missing variables (e.g., group psychology, personal emotions) and our (my)lag structures have been consistently wrong. One would have thought that highly educated, finely honed analytical minds could figure that out. But alas.... <vbg>

--Carl

P.S. I don't think it fair to lay these shortcomings at the door of higher education!
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