Divination & derivatives: Cardano and the Bloomberg Terminal (how financial models are just horoscopes, pt. 2)
The inventor of probability got investigated by the Inquisition for casting Jesus Christ's horoscope. On the structural kinship between natal charts and financial risk models.
“Reports that say that something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns, the ones we don’t know we don’t know.” — Donald Rumsfeld
Back when I used them, my dating app profile description said that I’m looking for my first husband in someone smart, pre-IPO, and/or a poker teacher.
I considered it due diligence that selected for certain signals in matches and assessed risk factors for future matches, just like financial models assess signals and outcomes to determine theirs.
Just like in the quest to meet my first husband, the world’s known unknowns drive our risk appetite and curiosity to figure out the future before it happens, which is why finance bros are actually astrology girlies. Mercury is in Zyn, y’all, since that’s the thesis I’m exploring for part 2 of the div…
