“While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.” PracticeInformationTheoryPropertyIncompleteRandomnessIncomplete Information Book:The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility Source: The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility
“Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets.” SocialMovementTheoryBehaviorModelsInvestingAcceptedVulnerableAssetsInvestorsEarningIncompleteDividendsSocial MovementsStock Price Author:Robert J. Shiller
“Once again, my colleague Stephen Hawking has upset the apple cart. The event horizon surrounding a black hole was once though to be an imaginary sphere. But recent theories indicate that it may actually be physical, maybe even a sphere of fire. But I don't trust any of these calculations until we have a full-blown string theory calculation, since Einstein's theory by itself is incomplete.” MayBlackFireEventsTheoryHolesUpsetApplesStringsHorizonSpheresImaginaryColleaguesCalculationsIncompleteDon't TrustCartsBlack HoleEvent HorizonString Theory Author:Michio Kaku