in search of the truth...




THIS PAGE HAS MY WRITINGS TILL MARCH,2005.
MY WRITINGS SINCE THEN ARE POSTED AT:

Letters to a friend...- http://ayanletters.blogspot.com/

Thursday, February 24, 2005

Uncertainty Principle in Finance

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"One can never know both the ownership of an asset and its value."

( If one knows who owns it then he does not know its value. One only knows its value at the time of sale, i.e. when it is between owners.)

Money cannot be seen, but can only be traced by its effects. Cash flows are just financial probability waves.

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