We live in an era where we are deluged with data, what many refer to as the "era of big data." Nate Silver, author of The Signal and The Noise and founder and editor-in-chief of the websiteFiveThirtyEight.com, explains why "noise" is so often mistaken for "signal" and what we can do about it. He also discusses the danger of false signals and the reasons why weather forecasts, as one example of complex models, have become more accurate.

Access the book summary for The Signal and the Noise available through getAbstract.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.