"Quants rely on history. If something happens that is without precedent they have a problem.” @TheEconomist gets this the wrong

"Quants rely on history. If something happens that is without precedent they have a problem.”
@TheEconomist gets this the wrong way around!
Quants rely on old data from which they extract regularity. History, in which novel events happen, defeats them.
economist.com/finance-and-ec… https://t.co/Gz3Z9tc0nl

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