Friday, December 19, 2008

Weather and subprime mortgages

Maybe I am a little harsh on people... strange things happen.  Normal distributions are not normal.  
Paul Kedrosky has a wonderful post on river flows in San Diego.  

The weather flows are even more abnormal than mortgage pools with 30% default rates.  

The world is strange...

John Hempton

No comments:

General disclaimer

The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.  In particular this blog is not directed for investment purposes at US Persons.