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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: oldirtybastard who wrote (76570)	7/19/2011 10:58:02 AM
From: carranza2	Read Replies (2) of 217792

Impossible. Not the way humans work. They may talk this game, but they absolutely do not practice it. No one can drink 100% of the Kool Aid 100% of the time. Dailo thinks of the economy as a machine and humans as machines, too. He is wrong on both counts, esp. on the human side. And as far as the economy, just ask the other geniuses who blew up, the Nobelists at LTCM who thought their quant skills were so special that they had figured out a way to game the market with impunity. Like Soros and others who have made money, Dalio has decided he is 'special' and that his insights merit attention. Soros and his 'reflexivity,' jeez, what pap. Dalio and his 'radical transparency,' even more pap. I am surprised even Mq has fallen for this cult, esp. since his profile says something very wise, something to the effect that we should not let slogans do the thinking for us. "Radical transparency" and "reflexivity" and countless other slogans invented by the ultra-wealthy in an attempt to explain their success or sound smart and scholarly are nothing but the slogans Mq decries. People who make a very large amount of money suffer from the notion that they are gifts form the gods. They are usually humbled. I see Bwater eventually going the way of LTCM. I am not saying that Bwater and Dalio are not very good at what they do. So was LTCM in its time. What I am saying is that the Bwater culture from what I can tell is one very much like a cult. Most cults end up badly. Don't be surprised if the trappings hide something very unpleasant.

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