Some of the best theorizing comes after collecting data because then you become aware of another reality.
Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.
Somehow, talking to young students brings you back to reality - it should, anyway.
My very first publication was an estimator - this was a statistical procedure - a kind of invention. My father got a patent and started a business; it wasn't successful, but maybe I have some of him in me.
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