tag:blogger.com,1999:blog-9057225441101183394.post7886323799195995978..comments2024-03-22T21:02:55.051+13:00Comments on Bat, Bean, Beam: The Day's Work in Wall StreetGiovanni Tisohttp://www.blogger.com/profile/10618534731338616708noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-9057225441101183394.post-10556086735862486582012-10-01T05:57:12.691+13:002012-10-01T05:57:12.691+13:00> it seems human nature not to learn from the p...> <i>it seems human nature not to learn from the past.</i><br /><br />Or, perhaps more specifically, to proceed by delusion and denial, thinking that it won't/can't happen again, that the laws of gravity somehow don't apply to oneself.<br /><br />Because really, it was evident as early as 2002-2003 that there was housing/building bubble in the offing. Myself, I counted the Greyhooshttps://www.blogger.com/profile/14161781141733273715noreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-45168879575784640082012-09-30T17:50:46.972+13:002012-09-30T17:50:46.972+13:00Oh the ticker and the wires and the writing on the...Oh the ticker and the wires and the writing on the walls,<br />Oh the verity, humanity, the legend of the falls.Megan Claytonhttps://www.blogger.com/profile/03584562106579704547noreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-71052866750439822072012-09-27T17:24:34.488+12:002012-09-27T17:24:34.488+12:00Indeed, if markets actually are efficient, as econ...<i> Indeed, if markets actually are efficient, as economists will often say, then it would have to be hit-and-miss, and it really wouldn't matter if it was chambermaids doing it, or monkeys, or analysts with years of professional training. </i><br /><br />I think it doesn't matter. In fact they find most highly-trained analysts still on average under-perform an index fund. So in fact the bmknoreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-2233269488679618962012-09-26T19:36:56.435+12:002012-09-26T19:36:56.435+12:00>In fact only about one in five Americans were ...>In fact only about one in five Americans were invested in the stock market at the time of the crash, and one doubts that the number would have included many bellboys and chambermaids.<br /><br />It struck me as a pretty hit-and-miss way of making decisions, to rely on overheard conversations between strangers. But it's a hit-and-miss profession, it seems. Indeed, if markets actually are Ben Wilsonhttps://www.blogger.com/profile/08015337296196701141noreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-48769553171589672042012-09-26T18:45:38.682+12:002012-09-26T18:45:38.682+12:00"Please prove you're not a robot"
O..."Please prove you're not a robot"<br /><br />On the stockmarket floor (stock: in its traditional sense - what a quaint concept) there's no such requirement. We'd like it both; the human empathy and sanity that takes us away from the edge, and the computer-driven immediate logic that puts us above the razor's edge.George Dnoreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-37920539117662616332012-09-26T15:10:38.918+12:002012-09-26T15:10:38.918+12:00I wonder if books with rust marks where the staple...I wonder if books with rust marks where the staples were are automatically very interesting? I have one called 'Everyday words and Phrases - a ready reference for Pacific Islanders coming to New Zealand'. It has English, Samoan, Niuean, Cook Island Maori, Tokelauan and Tongan in six columns. It has sections on various topics. I can't work out the ordering strategy inside the sections,Stacknoreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-21994211932725856002012-09-26T09:54:42.514+12:002012-09-26T09:54:42.514+12:00Interestingly, that's a trope that goes back t...Interestingly, that's a trope that goes back to the year 1900 or so, and Todman (who wasn't concerned, as he didn't see it as a dangerous precedent) phrases it as follows: "Apparently the idea of making money in the stock market has gripped bell-boy, chamber-maid and capitalist alike". In fact only about one in five Americans were invested in the stock market at the time of Giovanni Tisohttps://www.blogger.com/profile/10618534731338616708noreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-49852884920254372722012-09-26T08:20:24.943+12:002012-09-26T08:20:24.943+12:00What a classic find, Gio. $100? Cheap at the price...What a classic find, Gio. $100? Cheap at the price. A perfect testament the old concept that no empire ever looks so strong as just before its catastrophic collapse. At this point it has become so enamoured with its success and security that they're writing a book to lay it all open. If only the production of such books were a reliable predictor of impending collapse. Could they be as Ben Wilsonhttps://www.blogger.com/profile/08015337296196701141noreply@blogger.comtag:blogger.com,1999:blog-9057225441101183394.post-76024540712954489492012-09-26T01:02:40.104+12:002012-09-26T01:02:40.104+12:00Create capital, build, impute value, repeat until ...Create capital, build, impute value, repeat until collapse = planet Earth.Anonymoushttps://www.blogger.com/profile/04424066726955708314noreply@blogger.com