Nate Silver quote

You can build a statistical model and that's all well and good, but if you're dealing with a new type of financial instrument, for example, or a new type of situation - then the choices you're making are pretty arbitrary in a lot of respects.
Nate Silver

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The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
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