5min chapter

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Price-Models Revisited, Price vs Relative Value with Steven Lubka, John Haar and Greg Foss - July 21st, 2023

The Café Bitcoin Podcast

CHAPTER

The Importance of Models in Wall Street

Paul Sracic: People fall in love with models and it's just what people use models work until they don't. Even on Wall Street, where you have smart people working and fixing and working on bonds, their models break eventually. It doesn't mean the experts are always wrong. But the point is that they can be the experts that are deep into a particular field or industry and they can get things very wrong.

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