Also relates to the economic blogosphere

Eric Falkenstein has a great one-liner in his latest blog post on the irrelevance of most economic research and model building.

For fundamental constants, physicists argue about the 7-th digit, while economists argue about the sign.

Given that there is still a constant debate over whether the latest health care bill will push the cost curve up or down and if it will help or hurt the budget deficit, the quote is very apt.

About

I studied Bioengineering at the University of California at San Diego. While there I served as a trustee on the investment committee of the UCSD Student Foundation, a group that manages an endowment to fund scholarships. While in college I applied my interest in finance and economics by working as a summer associate at Clarium Capital Management, working part time my senior year, and joining full time when I graduated in 2006, staying there through August 2010. I am currently working as a portfolio manager at another global macro hedge-fund in the Presidio (And blogging about more directly market related ideas at their restricted blog). I’ve been focusing on quantitative finance, currencies, commodities, the interplay between finance and politics, demography and other long term trends.

Disclaimer: You shouldn’t consider anything on this site to be a recommendation or solicitation to buy, sell, or hold any securities or commodities. I’m not offering you investment advice. I or the company I work for may hold positions in securities that I mention.