Reagan's Revolution
Ronnie Reagan, when asked for his beliefs about the Theory of Evolution, shrugged and replied; “Hey, it’s only a theory”. Which it is, I guess, in the same way that the Theory of Gravity is “only a theory” although somehow I doubt my pet dog will start exhibiting signs of weightlessness anytime soon. In fact Darwin’s great intellectual jump wasn’t evolution itself but an insight into what underlay the concept – an idea applicable to financial markets and sobering in what it suggests about our ability to predict anything, let alone something as complex as the screamingly mad world of finance.
Ronnie Reagan, when asked for his beliefs about the Theory of Evolution, shrugged and replied; “Hey, it’s only a theory”. Which it is, I guess, in the same way that the Theory of Gravity is “only a theory” although somehow I doubt my pet dog will start exhibiting signs of weightlessness anytime soon. In fact Darwin’s great intellectual jump wasn’t evolution itself but an insight into what underlay the concept – an idea applicable to financial markets and sobering in what it suggests about our ability to predict anything, let alone something as complex as the screamingly mad world of finance.