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To: Raymond Duray who wrote (1414)	3/2/2001 9:32:20 PM
From: kas1	Read Replies (2) \| Respond to of 12410

OT I had known something about Greenspan's admiration for Rand in his early days, but didn't know it was strong enough for him to be called a sycophant or toady. Perhaps it was just something of his youth. I have too much respect for Gspn to believe that Rand's "writings" infec, oops, inform Gspn's thought today. Wagner was sort of a father figure to Nietzsche. Nietzsche only abandoned him -- and peppered his writings with barbs in his direction -- when Wagner became more and more nationalistic, religious, and antisemitic. I find Nietzsche quite cheery, actually. I think he gets a bad rap as a gloom & doom kinda guy. He personally was not a happy man, but laughter and happiness is one of his incessant themes, especially in Z. He looked at things with what I can best describe as a coprophagous grin. One insight of his that I found uncannily similar to my own thought is his belief about music being essential to any kind of deep living of life. The man's got insights. As for "speculation," someone once told me it was related to "specularity," seeing thru others' eyes. I guess it could just be the simple notion of "seeing" events before they happen. I much prefer to think of it as the attempt to see as others do. This was the essence of speculation as taught by Keynes (the newspaper competition). What ever happened to the entirely more noble notion that men of means would provide risk capital for enterprise and trade and be remunerated for increasing the wealth of the nation? Too old fashioned I guess. Way too trite. This story only explains IPOs. Any trading after the IPO has nothing to do with "providing risk capital for enterprise and trade." Private equity deals are something more to your liking, it seems. No secondary market on those, you know. etc, etc. Reply to this in another forum, maybe Tuesday Club? So we're not OT'ing so much. best regards