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Fisher Investments Press author Michael Hanson believes if we want to see investing clearly, one of the first things we must do is view its foundations—the ideas investing is supposedly built upon. In the first chapter he takes a careful look at science and mathematics—two subjects that serve as the foundations of modern knowledge, especially for investing—and debunks them. Well, not fully debunks, really. More like casts serious doubts on them both as panaceas for investing knowledge. Fisher Investments Press author Michael Hanson believes math and science are, at their core, philosophies. They are ways of seeing the world; they are not some rules about the world we’ve discovered. Hanson realizes that will sound blasphemous to many. But as we uncover the inherent limitations—and benefits—of math and science, much will be uncovered about how exactly stock markets and investing work.
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