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The Uncertainty of a Sure Thing

My friend Swami was quite cheerful a few days back when we met. “Finally the markets are going up – now that Modi is sure to become the Prime Minister.” “There is no such thing as a sure thing” said my broker friend Jigneshbhai, putting...

Of Nobel Prizes and Ignoble Disguises

“The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013 was awarded jointly to Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller for their empirical analysis of asset prices” read my friend Swami from his iPad, as we...