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To: JAPG who wrote (40006)3/5/2001 9:54:17 AM
From: Bruce Brown  Read Replies (2) | Respond to of 54805
 
JAPG,

I should have included an explanation about my 'jab' in reference to the gg listserv 'timing' call that Geoff's posts brought up in terms of discussion here and there as well as at the Fool.

Among other things, in that paper Friedman described the metaphor of a billiard game played by a physicist and a non-schooled experienced billiard player. The physicist could calculate precisely all the equations required to achieve the objective of the game, the billiard player didn´t have any mathematical knowledge. Who do you think would win such billiard game?

Point taken, but my comment was meant to be taken in a light hearted manner.

Simply because you mention billiards, I'd love to quote, or rather paraphrase an off color line I heard last night on a movie my wife and I rented to watch for the weekend. It's going to draw fire because it is so crass, but so be it. I'm sure we've had a few crass words in regards to the markets and our investments of late in mixed company.

I forget the name of the movie since I returned it this morning, but it was the one about a fishing boat getting caught in the midst of three storms between Bermuda and the east coast before getting upsot and the crew being lost in the tragedy. George Clooney, Diane Lane and a couple of journeyman actors that were in "Boogie Nights" were in the film.

The scene is in the bar called the "Crow's Nest" or something like that where a couple of guys are shooting pool. After one player misses his shot, an onlooker with a beer in his hand makes the comment to the player who just missed (and I paraphrase):

"If they'd put a little hair around those holes, maybe it would be a lot easier to get it in."

Sorry, but that's the first thing that entered my mind when I read Friedman's metaphor of billiards between the two types. I could imagine the 'non-schooled, experienced billiard player' tossing off a line like that to the physicist once enough of the match had transpired to display the 'non experienced version' of billiards. Then again, that might bring up an entirely different angle of research for the physicist to pursue...

BB



To: JAPG who wrote (40006)3/5/2001 3:01:26 PM
From: EnricoPalazzo  Respond to of 54805
 
I think that's the most generous take on Moore's attempts at market timing imaginable. And maybe the fairest.

Congratulations.