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Pastimes : James Cramer Skeptic Thread
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To: Michael Elizabeth Chastain who wrote (977)11/29/1998 11:15:00 AM
From: Thomas G. Busillo  Read Replies (2) of 1254
 
Michael, a VERY interesting post. I agree with a lot of what you're saying, but I have to tell you it's with reluctance.

Must the libertarian and egalitarian nature of the medium lead to such a low "signal-to-noise ratio" that without intermediation--an imposition of value judgements on content for practical considerations, which undermines the egalitarianism of the medium-- unmoderated forums succumb to the death spiral?

I want to say no. I want to say that human beings have enough respect for one another that they will impose some degree of self-restraint...

...but then you look at some of the Yahoo boards and you can only conclude that mankind is trading at a fairly low multiple.

So I agree that mediation in certain forums is warranted, but why that is so, in a way that shifts the general question from "what will happen to the internet as a forum of communication?" to "what does this say about mankind?"

Okay, perhaps I'm guilty of an overgeneralization <g>

And FWIW, the allegation re: potential illegality is totally without merit. IMHO, Cramer did not post here because someone pointed out an opinion that ended up being wrong. It's having to read an allegation that is patently false. Whether it was made because the writer lacked a familiarity with the general nature of sell-side research, I don't know, but I do know it's wrong.

Good trading,

Tom
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