It’s mild evidence against the “top level math talent will be able to identify bubbles before they burst” hypothesis, but only mild because I don’t think Madoff was transparent enough to be obviously unstable in the way that the housing market was.
It’s mild evidence against the “top level math talent will be able to identify bubbles before they burst” hypothesis, but only mild because I don’t think Madoff was transparent enough to be obviously unstable in the way that the housing market was.