Yes, of course I mean mathematics. If the prof was following a text (which as you say, is seldom the case in graduate courses), I find it a lot easier to not take notes at all so I can get a rough understanding of what's going on, and to go by memory to read a text later to get the details.
But it's true that oftentimes the only place to get the material from is the lecture and I have to be chasing after the lecturer to get the notes down and later try to decipher them myself.