Greenspan the comic
"Nonetheless, despite extensive efforts on the part of analysts, to my knowledge, no model projecting directional movements in exchange rates is significantly superior to tossing a coin. I am aware that of the thousands who try, some are quite successful. So are winners of coin-tossing contests. The seeming ability of a number of banking organizations to make consistent profits from foreign exchange trading likely derives not from their insight into future rate changes but from market making."
LOL. And here all this time we were all thinking the likes of Soros and Jones and ... this year even Warren Buffett made a big currency trade (against the dollar), were shrewd traders. Turns out they were just lucky. Like flipping coins. Not an ounce more talent than any of us.
Hehehehehehehehehehehehehe. Hilarious.
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