Good to see some humility in finance

Saw Joe Kernan’s interesting CNBC interview with a quant-oriented investment manager, David Harding of Winton Capital Management.

As suggested in my subject line, Harding and the crew at Winton apparently have some humility about their approach.  When Genius Failed — Roger Lowenstein’s tale of the rise and fall of Long Term Capital Management — is required reading at Winton.

Learning from one’s own mistakes is smart, but learning from other’s mistakes is wisdom.

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