Jul

5

When a method for predicting a financial market price fails, the practitioner is rarely accused of fraud. Instead, the practitioner typically points to the disclaimer, "past results do not guarantee future success" and blames probabilities or forces beyond their control. However, when a similarly failed gadget is sold to detect bombs or guns or elephants or diseases or golf balls or fill in the blank, then…

From the Washington Post: "A corrupt deal for fake security wands left Iraq vulnerable to Baghdad bomb blast"


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