F T Lucy - family office

F T Lucy is a UK principal-only single-family office that is focussed on the regulated energy, metals, and commodity trading markets concurrently with public equity markets in those and other sectors. Our three most highly valued maxims are: "Experience in the financial arena has taught us to be very humble in applying mathematics to markets, and to be extremely wary of ambitious theories, which are in the end trying to model human behaviour. We like simplicity, but we [also] like to remember that it is our models that are simple, not the world." [Source: Emanuel Derman and Paul Wilmott, 2009] "However, not everything that can be counted counts, and not everything that counts can be counted." [Source: William Bruce Cameron - Informal Sociology: A Casual Introduction to Sociological Thinking, 1963] "The first step is to measure whatever can be easily measured. This is OK as far as it goes. The second step is to disregard that which can't be easily measured or to give it an arbitrary quantitative value. This is artificial and misleading. The third step is to presume that what can't be measured easily really isn't important. This is blindness. The fourth step is to say that what can't be easily measured really doesn't exist. This is suicide." [Source: The McNamara Fallacy as coined by Daniel Yankelovich in Corporate Priorities: A continuing study of the new demands on business,1972].