How are the stock market and quantum mechanics related?

From a Lex Fridman interview with theoretical physicist Lisa Randall. “Stocks may not achieve a precise value until they’re traded, but that doesn’t mean we can’t approximate their worth until they change hands. Similarly, electrons might not have definite properties, but they do exist. It’s true that the electron doesn’t exist as a classical object…

Quotation of the Day

We ought not be ashamed of appreciating the truth and of acquiring it wherever it comes from, even if it comes from races distant and nations different from us. For the seeker of truth, nothing takes precedence over the truth, and there is no disparagement of the truth, nor belittling either of him who speaks…

Quotation of the day: On technological progress

You’re mistaken when they think that technology just automatically improves. It does not automatically improve. It only improves if a lot of people work very hard to make it better. And actually it will, I think, by itself degrade actually. If you look at great civilizations like ancient Egypt and they’re able to make the…

Quotations of the Day: ISPOR Edition

As heard at ISPOR 2023 in Boston: On high US drug prices: “My hope as a European is that US never gets its health system in order.” And his Yoda-like pronouncement: “Affordability is important; but value is critical” Michael Drummond HT: Peter Neumann. See also Dr. Neumann’s ISPOR recap thread