"...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.
Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge: the serenity to accept the things we cannot predict, the courage to predict the things we can, and the wisdom to know the difference.
Photo by Ákos Szabó
Photo by Ian Turnell
Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge: the ...
Show More