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Strategies & Market Trends : 50% Gains Investing
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To: Paul Kern who wrote (75952)4/8/2009 8:53:49 AM
From: Dale BakerRead Replies (2) of 118717
 
Taleb has become a mystical preacher now; a few of his proposals are sensible, and others are lost in the clouds somewhere. So Wal-Mart and Exxon are now the most fragile companies in America? They must be, they are the biggest.

And how do we cleanse ourselves of our entire business and economic establishment, some kind of purifying purge? Where are the smart ones to replace them, coming on the alien spaceship perhaps?

And we should ignore a loss of confidence, hmmm. So first assets can be dumped in panics, banks will close when their balance sheets become worthless and the FDIC can't bail them all out and....well, there is no end because everything comes to a halt after that.

But we will be spiritually pure. And then the smart aliens will come save us.

Does he wear a robe and chant and burn incense when he recites all this?

:<)
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