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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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“The cat sat on the mat” is not a story. “The cat sat on the dog’s mat” is a story.

John le Carré

The part of language that those who see great things for narrow AI miss completely. The fact that a fellow, when approaching a text, brings with him a trunk full cultural baggage, from which he will construct the model and make the assumptions, and draw the conclusions he needs to make sense of what he has just read. That the act of interpretation is not a rational algorithm run on a string of symbols with mutually exclusive, unambiguous designations, but an imaginative act that exists in the hot space between the reader and the page.

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