Hi Joe,
I "got" an MBA and it screwed me up for a while.-g- As I'm sure you know, the main corrupting concepts they impregnate you with are the "efficient market theory," the concept that you can't outperform the market averages because share prices already reflect "the collective wisdom of everyone in the market" (which is supposed to amount to a combined IQ in the BILLIONS!-g-), and, "diversification," which says that if you're going to play roulette, place a chip on every number on the table and take out insurance for the numbers you can't cover to avoid the possibility of a loss.-g-
After a bit of experience, I decided that "the collective wisdom of everyone in the market" was more strongly correlated with the IQ of crowds, approximately equal to the the lowest IQ divided by the number of people in the crowd, and that proper diversification would force me to invest in things I know nothing about.
So, I don't follow the rules no mo'!
Furthermore, if these concepts were true, how could Hillary C. turn $1,000 into $100,000????? QED!
-g-
Best regards, John. |
